Elgin, Texas.
Typical home $265,510 (-6.9% in a year), asking rent $1,791 (+2.0%). Austin-Round Rock-Georgetown, TX metro.
to buy the typical home at today's mortgage rate — +$627 (+82%) since Jan 2020.
- 1 year
- Down $19,719 -7%
- $285,229$265,510 since Sep 2025
- 5 years
- Down $10,990 -4%
- $276,500$265,510 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Elgin$1,394
- Texas$1,556
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Elgin, TX fell 6.9% over the past year — slower than the nation's +1.2%.
Asking rents in Elgin, TX rose 2.0% over the past year — slower than the nation's +2.7%.
Owning the typical home in Elgin runs $214/mo more than renting one. The gap peaked at $594 in Nov 2024.
That is $2,005 a month against $1,791 rent: a $1,394 mortgage payment, plus $327 property tax and $284 insurance & upkeep.
Owning vs renting — Elgin
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,005
- Renting$1,791
- Mortgage only$1,394
Property tax · $327/mo 1.48% of value a year — the ACS 2020-2024 median bill over the median home value for Travis County, TX
Insurance & upkeep · $284/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Elgin, Travis County, Texas
Elgin is a city of 9,784 people in Travis County. Half its households earn more than $91,114 a year and half less, against $99,611 across Travis County; 5% of its people live below the poverty line. 71% of its homes are lived in by their owners and 29% are rented. Unemployment in Travis County was 3.9% in August 2026, and the county had 3.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Elgin is a small city in Travis County where most homes are lived in by their owners. Household incomes run somewhat below the county's, and a smaller share of people live below the poverty line than you might expect. Winters are mild and short, summers are hot, and snow is rare.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, shops and manufacturing also employing many. Among the largest workplaces in Elgin are Elgin ISD, H-E-B and Walmart. Commutes are fairly long, and a good number of people work from home.
Things to do. Most of the places people visit lie a longer drive away. Circuit of the Americas is a race track, and the Lyndon Baines Johnson Library and Museum is a museum. Lake Bastrop offers a lake to spend a day beside.
Report a mistake
- 4,375households
- 23%of adults have a degree
- 5%below the poverty line
- 32 mintypical commute
- 21%work from home
What residents work in
Employed residents by industry, from the Census survey. Travis County had 934,650 jobs in 2025, 3.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 61° and lows near 39°; warmest in August, with highs near 96° and lows near 73°. About 36 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Elgin North weather station, a mile away (NOAA).
Largest workplaces in Elgin
- Elgin ISDSchool district791FTE
- H-E-BRetail332
- WalmartWarehouse clubs and supercenters223
- Elgin Nursing and Rehabilitation Center114
- Yerico MFGSemiconductor devices manufacturing35
- ElginMail and parcel delivery29
- Tractor Supply Company StoreGeneral merchandise stores20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 753 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- HailRelatively high
- Winter weatherRelatively high
- Strong windRelatively high
- DroughtRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Elgin’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Travis County and the Austin-Round Rock-Georgetown, TX metro.
Elgin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Elgin$265,510
- Texas$296,424
- United States$366,157
Sellers are cutting prices on about 1 in 3 Elgin listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Elgin30.10%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Elgin149
New listings per month
Sellers arriving at the market.
- Elgin28
Zip codes with a Elgin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Elgin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.