Schaumburg, IL—60195
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 $285,000, with a year-over-year change of 4.0%. This indicates that home prices in Schaumburg, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | 4.1% |
| Single Family | $492,000 | 6.5% |
| Condos | $215,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $184,000 | 5.7% |
2 Bed | $245,000 | 3.4% |
3 Bed | N/A | N/A |
4 Bed | $515,000 | 8.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Schaumburg, IL
As of July '25, Rentcast reports the average rent in Schaumburg, IL is $2,200, with a year-over-year rent change of -13.0%. Per bedroom, the median rent as of July '25 in Schaumburg, IL is studios: $4,850, 1-bedrooms: $1,580, 2-bedrooms: $1,800. The most common rental property sizes in Schaumburg, IL are 2-bedroom and 1-bedroom, accounting for 46.7% and 42.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,660 | $2,200 |
| Studio Rent | $4,850 | $4,850 |
| 1 Bed Rent | $1,660 | $1,580 |
| 2 Bed Rent | $1,500 | $1,800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 40. This is a increase of 13.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | -15.0% |
Listing Count | 9 | -23.0% |
| Listings as % of Homes | 0.2% | -23.0% |
Days on Market | 40 | 13.0% |
Demographics — Schaumburg, IL
As of the latest ACS Survey released in 2023, Schaumburg, IL has a population of 4,700, which has decreased by -15.6% over the past 5 years. Schaumburg, IL is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 59.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,700 | -15.6% |
% Under 18 | 16.2% | -28.0% |
% Seniors | 9.6% | 37.1% |
% WFH | 20.0% | 952.6% |
% w/ College Degree | 59.2% | -9.3% |
As of the latest ACS Survey released in 2023, Schaumburg, IL is a predominantly asian area, with 38.6% of the population identifying as asian. The asian population has shrunk by 18.6% in the last 5 years. The second most common race or ethnicity in Schaumburg, IL is white, making up 38.1% of the population. Foreign-born residents account for 42.9% of the population in Schaumburg, IL, and this percentage has decreased by 17.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.1% | -3.1% |
% Black | 6.9% | 46.8% |
% Hispanic | 14.4% | 108.7% |
% Asian | 38.6% | -18.6% |
% Foreign Born | 42.9% | -17.2% |
Mortgage and Risk — Schaumburg, IL
According to HUD data as of 2023, there were 25 mortgage originations in Schaumburg, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Schaumburg, IL. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Schaumburg, IL
Schaumburg, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,660 | $1,840 |
| 2 Bedroom | $580 | $1,500 | $2,080 |
| 3 Bedroom | N/A | N/A | $2,670 |
| 4 Bedroom | N/A | N/A | $3,140 |
Affordability — Schaumburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $285,000 |
| Median Household Income | $89,100 |