Metro area index
Home appreciation in the Elgin, IL metropolitan division
FHFA HPI® data shows the Elgin, IL metropolitan division's all-transactions index changed +6.0% over the year to Q2 2026, versus +6.0% for Illinois and +3.0% for the U.S. That ranks 68th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.0%
- 5-year change
- +53.0%
- Since Q1 1995
- +171%
- Metro rank (1 year)
- 68th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Elgin, IL vs Illinois and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Elgin, IL: 271.0
- Illinois: 283.5
- United States: 391.6
Appreciation by time window
| Window | Metro | IL | U.S. | Gap vs IL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.0% | +6.0% | +3.0% | +0.0 pts | +3.0 pts |
| 3 years | +20.3% | +21.8% | +12.9% | −1.5 pts | +7.4 pts |
| 5 years | +53.0% | +46.9% | +41.3% | +6.1 pts | +11.7 pts |
| 10 years | +90.8% | +75.6% | +93.3% | +15.2 pts | −2.5 pts |
| Since Q1 1995 | +171% | +184% | +292% | −12.5 pts | −120.5 pts |
3-digit ZIP regions in the Elgin, IL area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 605 · Aurora, IL area | IL | +4.7% | +47.8% | +200% | 33% |
| 601 · Elgin, IL area | IL | +6.8% | +49.8% | +185% | 28% |
Boom, bust, and recovery in Elgin, IL area
Elgin, IL area's index peaked in Q1 2007, fell 31.0% to its low in Q2 2012, and regained its peak in Q3 2021, about 14.5 years after the top. Today it sits +51.1% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2007 | Q2 2012 | -31.0% | Q3 2021 (14.5 yrs) | +51.1% |
| IL | Q1 2007 | Q2 2012 | -21.8% | Q2 2021 (14.2 yrs) | +51.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Elgin, IL area's index has changed +22.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | IL after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.1% | +2.0% | -0.8% |
| 3 years | +9.8% | +9.6% | +10.9% | +2.8% |
| 5 years | +24.0% | +23.3% | +18.4% | +13.9% |
| 10 years | +39.1% | +37.2% | +26.3% | +39.0% |
| Since Q1 1995 | +121% | +22.4% | +28.0% | +76.8% |
If you bought in the Elgin, IL area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +168% | $804,662 |
| Q2 2000 | +126% | $677,186 |
| Q2 2005 | +64.0% | $491,851 |
| Q2 2010 | +90.2% | $570,547 |
| Q2 2015 | +97.8% | $593,539 |
| Q2 2020 | +67.5% | $502,584 |
| Q2 2021 | +53.0% | $458,898 |
| Q2 2023 | +20.3% | $360,866 |
| Q2 2025 | +6.0% | $318,012 |
Frequently asked questions
- How much have home prices risen in the Elgin, IL area?
- FHFA HPI® data for the Elgin, IL metropolitan division shows changes of +6.0% over one year, +53.0% over five years, and +90.8% over ten years to Q2 2026, and +171% since Q1 1995.
- Is the Elgin, IL area beating the national average?
- Over the past year the metro's index moved +3.0 pts versus the U.S.; over five years the gap is +11.7 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.