Elgin First-Time Homebuyer Report for October

Elgin is a small city in Oregon with a median income of $38,063 per household. Besides being less affluent than average, its population is younger than others with a median age of 43 years. The Elgin market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area.

Price Range

The median value of homes in Elgin is $111,000, making it one of the lower priced areas in Oregon. At the same time, the average list price of available homes is presently $109,438. In this week's report, the number of homes sold in the Elgin market slid to two over the past 30 days, a decrease of 50.0% from last week's report, but still above the monthly average.

Curious as to which homes have been getting the most attention in Elgin? These listings have stirred up interest and produced the most views:

$120K   $169K   $125K  

Typical Dwelling

A three-bedroom detached home valued around $105,043 is considered a typical dwelling in Elgin. If a buyer was looking for a similar home, they would need good credit and a $21,009 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $395 and the property tax rate is $12.10 per $1,000 of taxable assessed value.

Get started right now by checking out Elgin homes for sale or reviewing Elgin real estate trends.


Data reported through 10/13/2016

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