The median home in Elgin, Minnesota is valued at $352,962, up 4.3% year over year. Elgin is part of the Rochester, MN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Rochester, MN stress score, crash risk, and 12-month forecast →

Home Value$352,962

+4.3%

AFFORDABILITY

Enter your income for Elgin.

Income (annual)

Down Payment

$70,592 on $352,962

Out of reach — 36.2% of income

Need $97,029/yr to afford.

PITI$2,264

P/I36.2%

Afford$273K

Gap-$80K

P&I $1,785Tax $329Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Elgin with other housing markets across Minnesota.

Minnetonka Beach$2220K Woodland$1619K Greenwood$1602K Sunfish Lake$1156K Orono$1084K Medicine Lake$1082K Tonka Bay$1059K Deephaven$1018K

Full Rochester, MN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Rochester, MN metro.

View Rochester, MN metro →

ELGIN, MN