Elgin, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Elgin short-term rental market based on reliable data.
Listings
50 / 135
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$30,621
Middle-Earners Revenue
Occupancy
64%
Middle-Earners Occupancy
Home Value
$319,104
Median Home Sale Price
Top Earners
$53,090
Top-Earners Revenue
Elgin
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Elgin.
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Generally Investor friendly
Elgin Regulations
Elgin explicitly allows short‑term rentals and applies the same residential rental licensing rules citywide, without separate STR caps or zones. Licensing costs are moderate ($149+), inspections are required, and owners must complete low‑cost training ($22), designate an agent, and comply with occupancy and record‑keeping rules. Enforcement is clear with fines and potential license suspension, but the process is straightforward and manageable for investors.
Local STR Agent
STR specialist · Elgin, IL
About Elgin
Elgin ( EL-jin) is a city in Cook and Kane counties in the U.S. state of Illinois. It is located 35 mi (56 km) northwest of Chicago along the Fox River. As of the 2020 census, the city had a population of 114,797, making it the sixth-most populous city in the state.