Elgin: Housing & Real Estate
Elgin's median home value is $191,700, with median rent $774 (1.1× below Lancaster County median $881; 1.4× below South Carolina median $1,073). Homeownership rate: 85.5%. That's 1.4× below the Lancaster County median ($272,100); 1.2× below the South Carolina median ($225,650). A municipal building code is in effect.
- 2.5× annual income — home value vs. household income (vs South Carolina 3.2×).
- 20.6 years to break even renting at the median (vs South Carolina 18y).
Home Values & Rent
Median home value $191,700 — 0.8× the South Carolina median ($225,649). Median rent $774/month. homeownership rate 85.5% — above the U.S. share of ~65%.
| Median Home Value | $191,700 (vs South Carolina $225,650) |
|---|---|
| Median Rent | $774 (vs South Carolina $1,073) |
Other
| Homeownership Rate | 85.5% |
|---|---|
| Median Year Built | 1986 |