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First-time buyer map · Elgin, IL

Elgin neighborhoods under $350K, on one map.

Where first-time buyers are actually buying in Elgin, based on real closed sales, with HOA dues and taxes so you know the full cost.

The short answer

Over the last 12 months, 25 Elgin neighborhoods had a median sale price of $350,000 or less. The most affordable included The Greens Of Elgin, Kennington Square and Waverly Commons. 18 of them are mostly townhomes and condos, so attached homes are where most under-$350K options are.

Last updated October 20, 2026 · By Maria MartiNEZ, Smart Home Realty

Elgin neighborhoods where homes sold for $350K or less

Price Type
Townhomes & condos Mostly houses Mix of both

The full list

25 Elgin subdivisions had a median sale price of $350,000 or less over the last 12 months (at least 3 sales each). 18 are mostly townhomes and condos and 7 are mostly single-family houses, so if your budget is under $350,000, don't skip attached homes.

NeighborhoodMedian sale (range)SalesHome typesHOATaxesDays on market
The Greens Of Elgin
ZIP 60123
$110,000
$52,000–$119,900
13Townhomes & condos (0 houses / 13 attached)Varies (ask me)$1,073/yr25 days
Kennington Square
ZIP 60120
$209,000
$203,000–$229,000
5Townhomes & condos (0 houses / 5 attached)≈ $150/mo$3,310/yr5 days
Waverly Commons
ZIP 60120
$223,500
$218,000–$240,000
3Townhomes & condos (0 houses / 3 attached)≈ $211/mo$2,104/yr34 days
Manor Homes Of Century Oaks
ZIP 60123
$230,000
$200,000–$329,900
5Townhomes & condos (0 houses / 5 attached)≈ $239/mo$4,427/yr15 days
Oakwood Hills
ZIP 60120
$234,500
$172,000–$261,000
20Townhomes & condos (0 houses / 20 attached)≈ $282/mo$3,620/yr10 days
College Green
ZIP 60123
$275,900
$184,000–$437,500
22Townhomes & condos (6 houses / 16 attached)≈ $199/mo$4,799/yr10 days
Sierra Ridge
ZIP 60123
$284,450
$270,500–$309,900
6Townhomes & condos (0 houses / 6 attached)≈ $226/mo$4,692/yr8 days
Parkwood Farms
ZIP 60120
$285,000
$280,000–$336,000
5Townhomes & condos (0 houses / 5 attached)No HOA on most sales$4,998/yr11 days
Fieldstone
ZIP 60120
$289,900
$220,000–$340,000
15Townhomes & condos (0 houses / 15 attached)≈ $267/mo$4,306/yr15 days
Country Knolls North
ZIP 60123
$290,000
$265,000–$383,000
3Mostly houses (2 houses / 1 attached)No HOA on most sales$5,356/yr6 days
Willow Bay Club
ZIP 60123
$291,100
$260,000–$310,000
10Townhomes & condos (0 houses / 10 attached)≈ $312/mo$4,884/yr5 days
Wynstone Of Century Oaks
ZIP 60123
$295,000
$280,000–$305,000
4Townhomes & condos (0 houses / 4 attached)≈ $330/mo$6,314/yr7 days
Sunset Park
ZIP 60123
$300,000
$280,000–$325,000
5Mostly houses (5 houses / 0 attached)No HOA on most sales$5,217/yr7 days
Cobblers Crossing
ZIP 60120
$306,000
$235,000–$500,000
26Townhomes & condos (7 houses / 19 attached)≈ $269/mo$4,965/yr14 days
The Reserve Of Elgin
ZIP 60124
$307,500
$272,500–$332,000
17Townhomes & condos (0 houses / 17 attached)≈ $248/mo$5,798/yr7 days
Washington Heights
ZIP 60123
$308,000
$250,000–$335,000
8Mostly houses (8 houses / 0 attached)No HOA on most sales$5,326/yr8 days
West Ridge
ZIP 60124
$308,450
$287,500–$335,000
10Townhomes & condos (0 houses / 10 attached)≈ $385/mo$6,581/yr19 days
Millcreek
ZIP 60123
$313,500
$297,000–$335,000
4Townhomes & condos (0 houses / 4 attached)≈ $296/mo$5,554/yr6 days
Blackhawk Manor
ZIP 60120
$313,950
$249,000–$366,000
4Mostly houses (4 houses / 0 attached)No HOA on most sales$4,978/yr8 days
River Park Place
ZIP 60120
$326,250
$305,000–$380,000
8Townhomes & condos (0 houses / 8 attached)≈ $200/mo$7,438/yr17 days
Parkwood
ZIP 60120
$328,000
$309,900–$380,000
9Mostly houses (8 houses / 1 attached)No HOA on most sales$5,706/yr6 days
Madison Homes
ZIP 60123
$333,700
$310,000–$420,000
3Townhomes & condos (1 houses / 2 attached)≈ $260/mo$6,963/yr49 days
Summerhill
ZIP 60120
$339,900
$310,000–$390,000
5Mostly houses (5 houses / 0 attached)No HOA on most sales$6,242/yr4 days
Hickory Ridge
ZIP 60123
$345,000
$343,345–$355,000
3Townhomes & condos (1 houses / 2 attached)≈ $335/mo$6,246/yr16 days
Century Oaks
ZIP 60123
$350,000
$320,000–$430,000
8Mostly houses (7 houses / 1 attached)No HOA on most sales$7,448/yr5 days

Closed sales Oct 21, 2025 – Oct 20, 2026, Elgin (city), detached and attached homes, subdivisions with 3+ sales. HOA and taxes are medians from MLS listings; "Varies" means the listings report dues in different ways, so ask me for exact figures. Map pins are approximate. Source: my analysis of MRED MLS data.

How to use this map

  1. Pick a price filter close to your pre-approval amount, then remember to budget for taxes and HOA dues on top of the mortgage.
  2. Tap a pin to see the median price, home types, HOA and taxes for that neighborhood.
  3. Text me the neighborhoods you like. I'll send you what's for sale right now and set up alerts.
  4. Not pre-approved yet? Start with my Mortgage-Ready Guide and the First-Time Buyer Guide.

Frequently asked questions

Where can I buy a home in Elgin for under $350,000?

In the 12 months through October 2026, 25 Elgin subdivisions had a median sale price of $350,000 or less, including The Greens Of Elgin, Kennington Square, Waverly Commons, Manor Homes Of Century Oaks, Oakwood Hills. Many are townhome and condo communities. Source: Maria MartiNEZ's analysis of MRED MLS data.

Are townhomes a good option for first-time buyers in Elgin?

They're often the most affordable option: 18 of the 25 Elgin neighborhoods with a median under $350,000 are mostly townhomes and condos. Budget for the monthly HOA dues, which usually cover exterior maintenance and other shared costs.

How often is this map updated?

Maria MartiNEZ updates it from new MLS data regularly. Neighborhoods move on or off the map as prices change.

MM
Written by Maria MartiNEZ

Licensed Real Estate Agent (IL Lic. 475.173406) with Smart Home Realty in Elgin. Bilingual (English/Spanish), focused on first-time buyers and Elgin sellers. More about Maria · Last updated October 20, 2026.

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