Schaumburg appreciation rates and housing market information

Schaumburg housing market information

With a population of 74,511, 33,073 total housing units (homes and apartments), and a median house value of $297,082, Schaumburg real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Schaumburg, accounting for 35.81% of the village's housing units. Other types of housing that are prevalent in Schaumburg include large apartment complexes or high rise apartments (32.19%), row houses and other attached homes (21.24%), and a few duplexes, homes converted to apartments, or other small apartment buildings (10.72%).

Dwellings in Schaumburg tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 57.51% of the homes in Schaumburg have two or fewer bedrooms.

There is a lot of housing in Schaumburg built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Schaumburg built from 1940-1969 (15.20%). A lesser amount of the housing stock also hails from 1995 and later (5.85%), and some were built from 1939 and earlier (5.85%).

Schaumburg home appreciation rates

Schaumburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Schaumburg during the period has been just 5.73%, which is lower than % of US communities.

Over the last year, Schaumburg appreciation rates have trailed the rest of the nation. In the last twelve months, Schaumburg's appreciation rate has been -6.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Schaumburg were at -1.10%, which equates to an annual appreciation rate of -4.40%.

Notably, Schaumburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Schaumburg's latest annual appreciation rate is higher than 2% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Schaumburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Schaumburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Schaumburg real estate investment or home purchase decisions.