The story of this market
The typical home in ZIP 60123 sells for about $309,908, or $190 per square foot.
Prices are roughly flat from a year ago (-0.83%), a market in balance. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 60123 — Elgin
The 60123 housing market shows signs of stabilization with a median sale price of approximately $309,908. Inventory remains tight, contributing to a competitive environment for buyers, while year-over-year price changes remain relatively flat. Market activity is driven by steady demand from local families and commuters.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban affordability and access to the Chicago metropolitan area.
Median prices moved down 0.8% year over year.
Homes spend a median of 27 days on market with 0.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 101% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 9.5% — a stable, low-distress profile.
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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60123
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Elgin Area School District U-46, with schools generally receiving mixed ratings; specific school quality varies by neighborhood.
Elgin serves as a major regional hub with a mix of manufacturing, healthcare, and retail employers; development momentum is focused on infill and suburban residential expansion.
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.
Residents primarily commute via I-90 or the Metra Milwaukee District/West Line toward Chicago, with average commute times reflecting a suburban profile.
The area features access to the Fox River trail system, numerous local parks, and proximity to regional shopping centers and golf courses.
The rental market is characterized by steady demand and moderate vacancy pressure, with a mix of single-family rentals and apartment complexes.
The local economy is anchored by manufacturing, healthcare, and education sectors, with significant employment provided by the Elgin Area School District and local medical centers.
The area is served by the Metra Milwaukee District/West Line and major highway corridors including I-90 and IL-31.
Development is primarily focused on residential infill and commercial revitalization along the Fox River corridor.
The Kane County Assessor manages property valuations based on market-based assessment cycles.
Parcels are subject to various taxing districts including Elgin Area School District U-46, Elgin Community College District 509, and local library/park districts.
Property insurance premiums are influenced by regional weather patterns and standard suburban risk profiles.
Data retrieved from Census Reporter/ACS 2024.
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 Park4.54.7 mi
- Slick City Action Park4.716.8 mi
- K1 Speed Addison4.315.5 mi
- The Water Works Indoor Water Park4.410.1 mi
- Safari Land4.218.7 mi
- Topgolf Schaumburg4.413.4 mi
- Medieval Times Dinner & Tournament4.712.4 mi
- Topgolf Naperville4.416.7 mi
- NOW Arena4.45.7 mi
- Cantigny Park4.814.9 mi
- Medieval Times Dinner & Tournament4.712.4 mi
- AMC South Barrington 244.38.8 mi
- Santa’s Village Amusement & Water Park4.54.7 mi
- Main Event Hoffman Estates4.25.9 mi
- The Water Works Indoor Water Park4.410.1 mi
- NOW Arena4.45.7 mi
- Cantigny Park4.814.9 mi
- Illinois Railway Museum4.717.3 mi
- DuPage Children's Museum4.419.8 mi
- Blackberry Farm4.719.2 mi
- Pottawatomie Park4.88 mi
- Elgin Sports Complex4.41.4 mi
- East Side Sports Complex4.49.6 mi
- Mallard Lake Forest Preserve4.711.1 mi
- McCaslin Park4.611.6 mi
- Villa Olivia4.15.1 mi
- St. Andrews Golf and Country Club4.39.6 mi
- Makray Memorial Golf Club4.512.9 mi
- The Highlands of Elgin Golf Course4.51.3 mi
- Highland Woods Golf Course4.112.1 mi
- Goebbert's Farm - South Barrington4.37.9 mi
- Deli 4 You Market4.512 mi
- T.J. Maxx4.311.9 mi
- Deli 4 You Market4.68.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Extensive regional trail system for biking and walking.
Historic municipal park with recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.