Schaumburg, IL—60193
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 $354,000, with a year-over-year change of 5.3%. This indicates that home prices in Schaumburg, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 5.3% |
| Single Family | $415,000 | 6.1% |
| Condos | $265,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $169,000 | 5.6% |
2 Bed | $273,000 | 5.0% |
3 Bed | $389,000 | 6.6% |
4 Bed | $524,000 | 7.8% |
| 5 Bed | $613,000 | 7.4% |
% 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 0.8%. Per bedroom, the median rent as of July '25 in Schaumburg, IL is 1-bedrooms: $1,570, 2-bedrooms: $2,140, 3-bedrooms: $2,970, 4-bedrooms: $3,470. The most common rental property sizes in Schaumburg, IL are 2-bedroom and 1-bedroom, accounting for 57.3% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,570 |
| 2 Bed Rent | $2,150 | $2,140 |
| 3 Bed Rent | $2,750 | $2,970 |
| 4 Bed Rent | $3,400 | $3,470 |
% 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 29. This is a increase of 8.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 10.0% |
Listing Count | 119 | 15.0% |
| Listings as % of Homes | 0.5% | 15.0% |
Days on Market | 29 | 8.0% |
Demographics — Schaumburg, IL
As of the latest ACS Survey released in 2023, Schaumburg, IL has a population of 39,500, which has decreased by -1.9% over the past 5 years. Schaumburg, IL is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 43.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,500 | -1.9% |
% Under 18 | 23.3% | 3.6% |
% Seniors | 19.7% | 15.9% |
% WFH | 13.7% | 260.5% |
% w/ College Degree | 43.6% | 3.8% |
As of the latest ACS Survey released in 2023, Schaumburg, IL is a predominantly white area, with 67.1% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Schaumburg, IL is asian, making up 14.3% of the population. Foreign-born residents account for 25.4% of the population in Schaumburg, IL, and this percentage has increased by 6.7% 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 | 67.1% | 0.6% |
% Black | 3.0% | -3.2% |
% Hispanic | 11.9% | 19.0% |
% Asian | 14.3% | -19.2% |
% Foreign Born | 25.4% | 6.7% |
Mortgage and Risk — Schaumburg, IL
According to HUD data as of 2023, there were 770 mortgage originations in Schaumburg, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Schaumburg, 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 | 770 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Schaumburg, IL
As of 2024, the percent of homes in Schaumburg, IL under the Section 8 program is 7.5%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Schaumburg, IL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 303 |
Total Units Section 8 | 303 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 96.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,450 | $1,960 |
| 2 Bedroom | $60 | $2,150 | $2,210 |
| 3 Bedroom | $90 | $2,750 | $2,840 |
| 4 Bedroom | -$70 | $3,400 | $3,330 |
Affordability — Schaumburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $354,000 |
| Median Household Income | $92,300 |