Central Elgin Real Estate

Refine your Central Elgin real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Central Elgin.

130 homes for sale in Central Elgin, ON.

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  2. Ontario
  3. Central Elgin Real Estate

Home Prices in Central Elgin

The asking price of homes for sale in Central Elgin has decreased 5.67% since June last year, while the number of homes for sale has decreased 32.81%. See more Central Elgin Home Prices & Values.

House
Median Asking Price
$735K
91 Houses
Townhouse
Median Asking Price
$600K
15 Townhouses
Condo
Median Asking Price
$422K
6 Condos

Find Real Estate & MLS® Listings in Central Elgin

Zolo has the most thorough, up-to-date set of Central Elgin real estate listings. Currently, Central Elgin has 15 homes for sale, including 91 houses, 6 condos, and 15 townhouses listed for sale.

With Zolo you'll be able to find the hottest Central Elgin neighbourhoods, the best schools in the city, and evaluate nearby amenities. Check out the upcoming open houses in Central Elgin to tour homes in person. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Central Elgin is added every 15 minutes to provide you the most-up-to-date home listings. Get in touch with one of our Central Elgin real estate agents to get started on landing your dream home today.

Central Elgin City Guide

13K
Population
0.2%
Population Growth
5%
Unemployment

Located in Ontario, the city of Central Elgin has a population of 12,743. The 0.2% population growth for this city is below average when compared to other Canadian cities.

There are 8.67% of immigrants in in Central Elgin, 0% of which are recent immigrants to Canada. Other than English, the most common language spoken is German, with 2% of residents reporting it as their mother tongue. The largest cultural community within Central Elgin is English at 38%, followed by Canadian at 38% and Scottish at 24%.

Central Elgin offers good employment opportunities with an unemployment rate that sits near 5%, which is below average when compared to other cities. Approximately 49% of residents hold a university degree. Residents can expect an exceptional quality of life in Central Elgin based upon an above average median family income of $73,615.

According to Statistics Canada 96% of Central Elgin residents drive. About 7% of residents that are already established within the city will move within a year, while 25% will move within five years.

Central Elgin's population is higher than average when it comes to homeownership, with 90% owning a home and 10% renting. The median monthly mortgage cost is estimated to be about $1,053, which is average when compared to renters in other Canadian cities.

In the Canadian real estate context, Central Elgin is a good place to establish a foothold in the real estate market.

Nearby Cities

A large number of would-be homeowners pick homes for sale in neighbourhoods that are further from Central Elgin's downtown core. Suburban areas usually offer larger homes on larger lots. For even more options, consider commuting into Central Elgin's core from a nearby city, such as Komoka, , and . Even neighbouring cities that require a bit of a longer commute, such as , , and , are good options as they give great housing options, often at more attractive prices.

City
(Top 5)
Active listings
1Adelaide-metcalfe 9
2Strathroy-caradoc 171
3Middlesex Centre 199
4St. Thomas 281
5Thames Centre 139

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Central Elgin’s demographics, including median age, schools and income, using census information from Statistics Canada.

10%
Rent
90%
Own
$740
Monthly Rent (Median)
$1,053
Monthly Mortgage (Median)
3,775
Total Families
$73,615
Family Income (Median)
45
Age (Median)
49%
College Educated

Commuters

According to Statistics Canada, residents in Central Elgin use a variety of ways to get around.

96%
Drive
1%
Transit
1%
Bike
3%
Walk

FAQs About Central Elgin Real Estate

According to current Central Elgin MLS© statistics, the average home listing price in Central Elgin, ON is $871,000. Based on Central Elgin housing inventory, the average home is listed on the market for 44 days and has a 97.5% selling to listing price ratio.

Based on current Central Elgin MLS© data, the average detached house in Central Elgin, ON has a listing price of $884,000. In Central Elgin, detached houses are on the market for 45 days on average.

According to current Central Elgin MLS© data, the average condo in Central Elgin, ON has a listing price of $411,000. In Central Elgin, the average price for a 2-bedroom condo is $433,000 and the average price for a 1-bedroom condo is $395,000.

The average townhouse in Central Elgin has an average listing price of $606,000, which represents a -8.2% change in price from last year. There are currently 16 townhouses for sale in Central Elgin, ON.

According to Statistics Canada Census data, the median total household income in Central Elgin is $73,615 per year, which is above the national median income of $67,000 per year.

In Central Elgin, ON, fewer people rent their homes than own at 10% rent versus 90% own. The median monthly rent price is $1,900 per month versus the median monthly mortgage of $3,200 per month.

central-elgin
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board nor Zolo. The information provided on this page, including the Affordability, Afford Score™, and Affordability Coach, are provided for informational purposes only and should not be used or construed as financial or investment advice by any individual. No representations or warranties, express or implied, are made by Zolo or its affiliates as to the accuracy or completeness of the information on this page.