Elgin, SC housing market
Typical home value
$299K
▲ 2.0% 1 yr
Typical rent
$1,780/mo
▲ 1.0% 1 yr
Gross rent yield
7.1%
U.S. 6.3%
5-year home value change
+23%
U.S. +20%
Key takeaways
- 1The typical home in Elgin is worth $299,089, up 2.0% over the past year and up 23% over five years.
- 2Typical rent is $1,780 a month (+1.0% YoY), a gross rent yield of 7.1% (below the Columbia, SC metro's 7.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,644/mo, $136 less than typical rent.
- 4Zillow forecasts the Columbia, SC metro's home values to change +0.8% over the next 12 months.
Market temperature (Columbia, SC metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 34/100, #376 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Elgin compares
| Measure | Elgin | Columbia, SC metro | United States |
|---|---|---|---|
| Typical home value | $299,089 | $252,979 | $366,157 |
| Home value, 1-yr change | +2.0% | +1.6% | +1.2% |
| Typical rent | $1,780 | $1,557 | $1,932 |
| Rent, 1-yr change | +1.0% | +2.2% | +2.7% |
| Gross rent yield | 7.1% | 7.4% | 6.3% |
| Price-to-rent ratio | 14.0 | 13.5 | 15.8 |
| Mortgage P&I, typical home | $1,644 | $1,390 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Elgin rental, pre-filled.
Rent vs buy in Elgin
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $299K home.
Other cities in the Columbia, SC metro
Columbia, SC
$227K home$1,500 rent
▲ 0.9% 1 yr
Lexington, SC
$305K home$1,774 rent
▲ 1.3% 1 yr
Irmo, SC
$278K home$1,810 rent
▲ 0.4% 1 yr
Blythewood, SC
$340K home$1,554 rent
▲ 0.8% 1 yr
West Columbia, SC
$228K home$1,558 rent
▲ 2.8% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.