Real Estate details: Elgin IL vs Monterey CA
RE Insights
| Metric | Elgin | Monterey |
|---|---|---|
| Population | 113,177 | 29,571 |
| Median Home Price | $292,000 | $1,135,000 |
| Rent | 29% | 64% |
| Own | 71% | 36% |
Real Estate Insights Comparison: Elgin vs Monterey
- Elgin has a larger population of 113,177 compared to 29,571 in Monterey.
- The median home price in Monterey is higher at $1,135,000 compared to $292,000 in Elgin.
- The rent percentage in Monterey is higher at 64% compared to 29% in Elgin.
- A greater percentage of homeowners in Elgin at 71% compared to 36% in Monterey.
Environmental Insights
Understanding environmental factors is crucial for assessing the sustainability and quality of life in a city or town. Environmental conditions can vary significantly, influenced by factors such as air quality, green spaces, and local climate. Evaluating these aspects helps in making informed decisions about living and investing in a community.