Hoffman Estates, IL 60169 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

View in Interactive Map

Hoffman Estates, IL—60169

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$351,000

6.1% YoY Growth

Household Income

$92,400

22.7% YoY Growth

Days on Market

26

3.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$2,200

10.6% YoY Growth

1-Bed Rent

$1,500

0.0% YoY Growth

2-Bed Rent

$1,900

6.8% YoY Growth

3-Bed Rent

$2,750

5.4% YoY Growth

Other Zip Codes in Hoffman Estates, IL

Home Price Trends — Hoffman Estates, IL

As of May '26, the median home price in Hoffman Estates, IL is $351,000, with a year-over-year change of 6.1%. This indicates that home prices in Hoffman Estates, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$351,000	6.1%
Single Family	$387,000	5.4%
Condos	$192,000	4.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

Studio

4.0%

1 Bedroom

24.4%

2 Bedrooms

37.2%

3 Bedrooms

33.0%

4 Bedrooms

1.3%

5+ Bedrooms

0.1%

Property Listings — Hoffman Estates, IL

As of May '26, Realtor.com reports that the median days on market for a home in Hoffman Estates, IL is 26. This is a increase of 3.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$375,000	13.0%
Listing Count	96	44.0%
Listings as % of Homes	0.2%	44.0%
Days on Market	26	3.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

Loading chart...

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