Hoffman Estates, IL—60169
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hoffman Estates, IL
Home Price Trends — Hoffman Estates, IL
As of Oct '25, the median home price in Hoffman Estates, IL is $331,000, with a year-over-year change of 4.9%. This indicates that home prices in Hoffman Estates, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 4.9% |
| Single Family | $365,000 | 4.6% |
| Condos | $186,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $152,000 | 4.8% |
2 Bed | $226,000 | 5.1% |
3 Bed | $347,000 | 4.8% |
4 Bed | $426,000 | 5.2% |
| 5 Bed | $481,000 | 5.3% |
% of Housing Stock
Rental Trends — Hoffman Estates, IL
As of July '25, Rentcast reports the average rent in Hoffman Estates, IL is $2,280, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Hoffman Estates, IL is studios: $1,560, 1-bedrooms: $1,500, 2-bedrooms: $1,930, 3-bedrooms: $2,610, 4-bedrooms: $2,880. The most common rental property sizes in Hoffman Estates, IL are 2-bedroom and 3-bedroom, accounting for 37.2% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,280 |
| Studio Rent | $1,320 | $1,560 |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,900 | $1,930 |
| 3 Bed Rent | $2,750 | $2,610 |
| 4 Bed Rent | $3,000 | $2,880 |
% of Rental Stock
Property Listings — Hoffman Estates, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hoffman Estates, IL is 29. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $336,000 | -1.0% |
Listing Count | 75 | 7.0% |
| Listings as % of Homes | 0.2% | 7.0% |
Days on Market | 29 | 29.0% |
Demographics — Hoffman Estates, IL
As of the latest ACS Survey released in 2023, Hoffman Estates, IL has a population of 33,500, which has remained stable by -0.4% over the past 5 years. Hoffman Estates, IL is a moderately popular place for families, as children make up 23.0% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,500 | -0.4% |
% Under 18 | 23.0% | 2.2% |
% Seniors | 12.8% | 12.3% |
% WFH | 13.2% | 187.0% |
% w/ College Degree | 39.5% | -6.8% |
As of the latest ACS Survey released in 2023, Hoffman Estates, IL is a predominantly white area, with 44.8% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Hoffman Estates, IL is hispanic, making up 24.4% of the population. Foreign-born residents account for 37.3% of the population in Hoffman Estates, IL, and this percentage has increased by 8.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.8% | 2.5% |
% Black | 4.6% | -29.2% |
% Hispanic | 24.4% | 7.5% |
% Asian | 22.9% | -8.4% |
% Foreign Born | 37.3% | 8.7% |
Mortgage and Risk — Hoffman Estates, IL
According to HUD data as of 2023, there were 416 mortgage originations in Hoffman Estates, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Hoffman Estates, IL. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 416 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hoffman Estates, IL
As of 2024, the percent of homes in Hoffman Estates, IL under the Section 8 program is 2.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hoffman Estates, IL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 117 |
Total Units Section 8 | 117 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,500 | $1,780 |
| 2 Bedroom | $110 | $1,900 | $2,010 |
| 3 Bedroom | -$170 | $2,750 | $2,580 |
| 4 Bedroom | $30 | $3,000 | $3,030 |
Affordability — Hoffman Estates, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $331,000 |
| Median Household Income | $92,400 |