Schaumburg, IL—60173
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Schaumburg, IL
As of Oct '25, the median home price in Schaumburg, IL is $334,000, with a year-over-year change of 5.1%. This indicates that home prices in Schaumburg, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 5.1% |
| Single Family | $522,000 | 4.0% |
| Condos | $228,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | 13.5% |
2 Bed | $276,000 | 6.6% |
3 Bed | $472,000 | 4.9% |
4 Bed | $736,000 | 4.1% |
| 5 Bed | $854,000 | 3.8% |
% of Housing Stock
Rental Trends — Schaumburg, IL
As of July '25, Rentcast reports the average rent in Schaumburg, IL is $2,420, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Schaumburg, IL is studios: $2,340, 1-bedrooms: $2,060, 2-bedrooms: $2,560, 3-bedrooms: $3,460, 4-bedrooms: $4,000. The most common rental property sizes in Schaumburg, IL are 1-bedroom and 2-bedroom, accounting for 48.0% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,210 | $2,420 |
| Studio Rent | $1,800 | $2,340 |
| 1 Bed Rent | $2,050 | $2,060 |
| 2 Bed Rent | $2,590 | $2,560 |
| 3 Bed Rent | $3,500 | $3,460 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Schaumburg, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Schaumburg, IL is 32. This is a increase of 18.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $237,000 | -44.0% |
Listing Count | 24 | -9.0% |
| Listings as % of Homes | 0.2% | -9.0% |
Days on Market | 32 | 18.0% |
Demographics — Schaumburg, IL
As of the latest ACS Survey released in 2023, Schaumburg, IL has a population of 13,900, which has increased by 14.2% over the past 5 years. Schaumburg, IL is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 66.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | 14.2% |
% Under 18 | 21.1% | 12.8% |
% Seniors | 10.8% | 24.1% |
% WFH | 28.0% | 460.0% |
% w/ College Degree | 66.8% | 6.5% |
As of the latest ACS Survey released in 2023, Schaumburg, IL is a predominantly asian area, with 41.6% of the population identifying as asian. The asian population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Schaumburg, IL is white, making up 39.4% of the population. Foreign-born residents account for 47.7% of the population in Schaumburg, IL, and this percentage has increased by 13.0% 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 | 39.4% | -12.1% |
% Black | 7.2% | 84.6% |
% Hispanic | 7.7% | -2.5% |
% Asian | 41.6% | 4.5% |
% Foreign Born | 47.7% | 13.0% |
Mortgage and Risk — Schaumburg, IL
According to HUD data as of 2023, there were 133 mortgage originations in Schaumburg, IL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Schaumburg, IL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Schaumburg, IL
As of 2024, the percent of homes in Schaumburg, IL under the Section 8 program is 6.9%. 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. In Schaumburg, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 312 |
Total Units Section 8 | 312 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $2,050 | $2,040 |
| 2 Bedroom | -$290 | $2,590 | $2,300 |
| 3 Bedroom | -$550 | $3,500 | $2,950 |
| 4 Bedroom | -$530 | $4,000 | $3,470 |
Affordability — Schaumburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $334,000 |
| Median Household Income | $100,000 |