The story of this market
The typical home in ZIP 60120 sells for about $327,500, or $195 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 50 days to sell.
ZIP 60120 — Elgin
The 60120 housing market shows signs of stability with a median sale price of $327,500 and a low inventory of 29 active listings. The market is currently favoring sellers due to limited supply and a high sale-to-list ratio, though price growth remains moderate. Data for property taxes and specific hazard risks were not available at the ZIP level.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban living and access to the Chicago metro area, supported by a stable housing inventory.
Median prices moved up 6.5% year over year.
Homes spend a median of 50 days on market with 0.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 12.8% — a stable, low-distress profile.
Built from 402 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60120, Kane County, IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Elgin are generally consistent with regional averages for mid-sized Illinois cities, with ongoing efforts by local law enforcement to address property-related incidents.
The area is served by Elgin-area public schools including Channing Memorial and Coleman Elementary, with a mix of district-managed and specialized programs.
The region faces moderate risks from severe thunderstorms and occasional flooding near the Fox River, with standard insurance requirements for flood-prone zones.
The area benefits from its proximity to the broader Chicago-Naperville-Elgin economic corridor, with local development focused on residential and mixed-use infill.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The ZIP offers access to regional transit corridors and highway networks connecting to the greater Chicago employment core.
The area features local parks and community green spaces, with proximity to the Fox River recreational corridor and regional shopping districts.
The rental market shows low vacancy pressure compared to national averages, with a mix of traditional residential rentals and investor-owned properties.
The local economy is anchored by the broader Chicago-Naperville-Elgin metro industry mix, including manufacturing, healthcare, and professional services.
The area is served by regional highway networks and transit connections facilitating commutes into the Chicago metropolitan region.
Development activity is primarily focused on residential infill and local commercial improvements within the city of Elgin.
The Kane County Assessor manages property valuations for the jurisdiction.
Parcels are subject to various local taxing districts including school, municipal, and county-level special service areas.
Property insurance premiums are influenced by regional weather patterns and proximity to the Fox River flood plain.
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Data retrieved from Census Reporter and ACS 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Santa’s Village Amusement & Water Park4.53.9 mi
- Slick City Action Park4.717.5 mi
- Activate Games4.919.7 mi
- K1 Speed Addison4.312.9 mi
- Safari Land4.216.1 mi
- Allstate Arena4.319 mi
- Topgolf Schaumburg4.410.4 mi
- Medieval Times Dinner & Tournament4.79.4 mi
- Topgolf Naperville4.415.9 mi
- NOW Arena4.43.2 mi
- Medieval Times Dinner & Tournament4.79.4 mi
- AMC South Barrington 244.36 mi
- LEGOLAND Discovery Center Chicago3.911.4 mi
- Santa’s Village Amusement & Water Park4.53.9 mi
- AMC Streets of Woodfield 204.211.4 mi
- NOW Arena4.43.2 mi
- Cantigny Park4.813.5 mi
- DuPage Children's Museum4.418.6 mi
- Illinois Railway Museum4.719.4 mi
- Blackberry Farm4.719.9 mi
- Olympic Park4.611.3 mi
- Bison's Bluff Nature Playground4.710.5 mi
- Busse Woods4.712.9 mi
- Pottawatomie Park4.88.5 mi
- Pirates' Cove Children's Theme Park4.612.7 mi
- Topgolf Schaumburg4.410.4 mi
- Villa Olivia4.12.4 mi
- St. Andrews Golf and Country Club4.38.2 mi
- Makray Memorial Golf Club4.510.6 mi
- Highland Woods Golf Course4.19.3 mi
- Woodfield Mall4.511.3 mi
- Goebbert's Farm - South Barrington4.35.2 mi
- Macy's4.211.3 mi
- Deli 4 You Market4.59 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Provides recreational trails and scenic views throughout the Elgin area.
Local community park serving the immediate neighborhood.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.