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.

Home Value$352,962

+4.3%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$70,592 on $352,962

Example: $75,000 household income. Change it above to see your own.

Out of reach36.2% 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$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

Full Rochester, MN analysis

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

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Elgin, MN