$350,000
- 2 Beds
- 2.5 Baths
- 1,875 Sq Ft
162 Festival Ct, Elgin, IL 60120
Tamara O'Connor Premier Living Properties
Frequently Asked Questions
Is Downtown Elgin a good place to live?
Downtown Elgin is a good place to live. Downtown Elgin is considered very walkable and very bikeable with good transit options. Downtown Elgin has 3 parks for recreational activities. It has a median age of 37. The average household income is $78,619 which is below the national average. College graduates make up 21.6% of residents. A majority of residents in Downtown Elgin are renters, with 78.5% of residents renting and 21.5% of residents owning their home. A local real estate agent serving Downtown Elgin can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Elgin neighborhood guide.
Is Downtown Elgin, IL a safe neighborhood?
Downtown Elgin, IL is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Downtown Elgin?
The median home price in Downtown Elgin is $320,500. If you put a 20% down payment of $64,100 and had a 30-year fixed mortgage with an interest rate of 6%, your estimated principal and interest payment would be $1,540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Downtown Elgin. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown Elgin is $79K.
What are the best public schools in Downtown Elgin?
The best public schools that serve Downtown Elgin are:
- Elgin High School has a B- Niche grade, a student teacher ratio of 17:1 and an average review score of 3.6.
- Larkin High School has a C+ Niche grade, a student teacher ratio of 16:1 and an average review score of 3.5.
- Ellis Middle School has a C Niche grade and a student teacher ratio of 12:1.
What are the best private schools in Downtown Elgin?
The best private schools that serve Downtown Elgin are:
- The Einstein Academy has an A+ Niche grade, a student teacher ratio of 5:1 and an average review score of 4.3.
- Elgin Academy has an A+ Niche grade, a student teacher ratio of 5:1 and an average review score of 4.3.
- St. Edward Central Catholic High School has an A- Niche grade, a student teacher ratio of 9:1 and an average review score of 3.8.
What are the most popular zip codes in Downtown Elgin, Elgin, IL?
What are the most popular neighborhoods near Downtown Elgin, Elgin, IL?
The most popular neighborhoods near Downtown Elgin, Elgin, IL are Gifford Park, Near West Elgin, Southwest Elgin, Northeast Elgin and Elgin National Watch Historic District.
Are home prices dropping in Downtown Elgin?
Yes, home prices in Downtown Elgin are down 1% in the last 12 months.
