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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hoffman Estates HOMES|
|2000 or Newer||8.1|
|1970 - 1999||62.8|
|1940 - 1969||27.2|
|1939 or Older||1.9|
|TYPE OF Hoffman Estates HOMES|
|Small Apt. Buildings||3.7|
|SIZE OF Hoffman Estates HOMES|
|5 or more bedrooms||4.08|