Hoffman Estates, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hoffman Estates Neighborhoods Since 2000




Hoffman Estates, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hoffman Estates Housing Market Information

With a population of 52,138, 18,154 total housing units (homes and apartments), and a median house value of $256,997, Hoffman Estates real estate is some of the most expensive in Illinois, although Hoffman Estates home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hoffman Estates, accounting for 58.89% of the village's housing units. Other types of housing that are prevalent in Hoffman Estates include large apartment complexes or high rise apartments ( 22.42%), row houses and other attached homes ( 14.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hoffman Estates. Owner-occupied housing accounts for 74.27% of Hoffman Estates's homes, and 61.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hoffman Estates built from 1970 to 1999 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 Hoffman Estates built between 1940-1969 ( 27.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.13%). There's also some housing in Hoffman Estates built before 1939 ( 1.93%).

Hoffman Estates Home Appreciation Rates

Homes have actually lost value in Hoffman Estates over the last then years, as home values have seen a decline of 19.14% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hoffman Estates home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Hoffman Estates's appreciation rate, at 4.17%, has been at or slightly above the national average. In the latest quarter, Hoffman Estates's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Hoffman Estates's latest annual appreciation rate is higher than 70% 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 Hoffman Estates differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hoffman Estates - 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 2000, to assist you in making the best Hoffman Estates real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,997

Hoffman Estates, IL HOME PRICES

Value Range
> $1,145,000 1.1
$859,001 - $1,145,000 1.0
$573,001 - $859,000 4.7
$458,001 - $573,000 6.6
$344,001 - $458,000 14.1
$229,001 - $344,000 31.2
$115,001 - $229,000 27.6
$57,001 - $115,000 9.6
$0 - $57,000 4.3

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
21.5047462791515 14.0506329113924

Number Of Homes And Apartments:
18,154

Hoffman Estates Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.37% 1.27% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,442 / per month

Homeownership Rate

Homeownership
Owners 74.27
Renters 25.73
Vacant 3.99

Housing Market Details

 

Age of Homes

AGE OF Hoffman Estates HOMES
2000 or Newer 8.1
1970 - 1999 62.8
1940 - 1969 27.2
1939 or Older 1.9

Types of Homes

TYPE OF Hoffman Estates HOMES
Single-Family 58.9
Townhomes 14.8
Small Apt. Buildings 3.7
Apt. Complexes 22.4
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Hoffman Estates HOMES
No Bedroom 1.24
1 Bedroom 9.38
2 Bedrooms 23.76
3 Bedrooms 35.33
4 Bedrooms 26.20
5 or more bedrooms 4.08