Median price for residential apartments in Elgin, SC as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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3 Elgin, SC, USA apartments for sale
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Elgin
According to statistics, the population in Elgin, SC amounts to 3,321, which shows growth 6% compared to the previous year. The median age of the city’s residents is 37. The average household income is $39,250, shifting growth 9% from the past year, and the average property value in Elgin, SC decline -3% to $113,700 throughout the year.
| Population | 3,321 |
| Median Age | 37.4 |
| Poverty Rate | 14% |
| Household Income | $39,250 |
| Number Of Employees | 1,550 |
| Median Property Value | $113,700 |
Household Income
The average household income in Elgin, SC grew from $35,848 to $39,250 in the past year. This data is an estimate based upon 1,156 households in Elgin, SC . The chart below presents how household income is distributed in Elgin, SC in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Elgin, SC shifted from $117,500 to $113,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elgin, SC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elgin, SC properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elgin, SC compared to median property taxes around the country. The prevalent amount of property taxes in Elgin, SC equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Elgin, SC, USA
Average apartment sale in Elgin: $389,048 (+4.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| 3-bed apartments | $404,750 | +4.1% |
| 4+ bed apartments | $344,185 | -1.6% |
During Jan 2023, the average price for an apartment in/near Elgin, SC increased by 4.3% to $389,048.
The average price of the land for sale in Elgin, SC has not changed significantly since last month, being $120,000. A 3-bed apartment goes for $404,750, it increased by 4.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.6% and made it down to $344,185.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $434,286 | +2.5% |
| Lofts for sale | $190,000 | +0% |
Price reports demonstrate that house price increased by 2.5% this month making it up to $434,286. The price statistics of lofts have not significantly changed, it now still goes for $190,000. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $120,000.
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