Schaumburg, IL—60194
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 $319,000, with a year-over-year change of 3.0%. This indicates that home prices in Schaumburg, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 3.1% |
| Single Family | $379,000 | 4.7% |
| Condos | $270,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $279,000 | 4.1% |
3 Bed | $377,000 | 5.3% |
4 Bed | $474,000 | 5.6% |
| 5 Bed | $538,000 | 3.7% |
% of Housing Stock
Rental Trends — Schaumburg, IL
As of July '25, Rentcast reports the average rent in Schaumburg, IL is $2,520, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Schaumburg, IL is 1-bedrooms: $1,860, 2-bedrooms: $2,240, 3-bedrooms: $2,900, 4-bedrooms: $3,330. The most common rental property sizes in Schaumburg, IL are 2-bedroom and 1-bedroom, accounting for 57.0% and 18.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,860 | $1,860 |
| 2 Bed Rent | $2,200 | $2,240 |
| 3 Bed Rent | $2,800 | $2,900 |
| 4 Bed Rent | $3,300 | $3,330 |
% 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 31. This is a increase of 7.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 2.0% |
Listing Count | 49 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 31 | 7.0% |
Demographics — Schaumburg, IL
As of the latest ACS Survey released in 2023, Schaumburg, IL has a population of 19,900, which has increased by 5.2% over the past 5 years. Schaumburg, IL is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 49.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,900 | 5.2% |
% Under 18 | 25.6% | 17.4% |
% Seniors | 17.4% | 6.7% |
% WFH | 16.6% | 268.9% |
% w/ College Degree | 49.9% | 14.7% |
As of the latest ACS Survey released in 2023, Schaumburg, IL is a predominantly white area, with 51.2% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Schaumburg, IL is asian, making up 26.5% of the population. Foreign-born residents account for 32.0% of the population in Schaumburg, IL, and this percentage has increased by 0.3% 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 | 51.2% | -7.6% |
% Black | 8.6% | 95.5% |
% Hispanic | 11.1% | -31.1% |
% Asian | 26.5% | 19.4% |
% Foreign Born | 32.0% | 0.3% |
Mortgage and Risk — Schaumburg, IL
According to HUD data as of 2023, there were 280 mortgage originations in Schaumburg, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Schaumburg, IL. Investor activity is low, as 6.0% 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 | 280 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 6.0% |
% 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 4.2%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 74 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,860 | $2,030 |
| 2 Bedroom | $90 | $2,200 | $2,290 |
| 3 Bedroom | $140 | $2,800 | $2,940 |
| 4 Bedroom | $160 | $3,300 | $3,460 |
Affordability — Schaumburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $319,000 |
| Median Household Income | $97,900 |