Schaumburg, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Schaumburg, IL Real Estate Data


Schaumburg Housing Market Information

With a population of 74,693, 30,011 total housing units (homes and apartments), and a median house value of $267,989, Schaumburg real estate is some of the most expensive in Illinois, although Schaumburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Schaumburg, accounting for 37.02% of the village's housing units. Other types of housing that are prevalent in Schaumburg include large apartment complexes or high rise apartments ( 33.23%), row houses and other attached homes ( 15.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.98%).

People in Schaumburg primarily live in small (one, two or no bedroom) single-family detached homes. Schaumburg has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Schaumburg 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 Schaumburg built between 1940-1969 ( 16.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.94%). There's also some housing in Schaumburg built before 1939 ( 1.24%).

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 -1.72%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Schaumburg's appreciation rate, at 4.08%, has been at or slightly above the national average. In the latest quarter, Schaumburg's appreciation rate has been 0.77%, which annualizes to a rate of 3.12%.

Relative to Illinois, our data show that Schaumburg'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 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 2000, to assist you in making the best Schaumburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$267,989

Schaumburg, IL HOME PRICES

Value Range
> $1,121,000 0.1
$841,001 - $1,121,000 0.8
$560,001 - $841,000 4.8
$448,001 - $560,000 5.9
$336,001 - $448,000 19.0
$224,001 - $336,000 29.7
$112,001 - $224,000 31.2
$56,001 - $112,000 5.4
$0 - $56,000 2.7

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
19.7175670924645 12.6582278481013

Number Of Homes And Apartments:
30,011

Rent & Ownership

 

Average Market Rent:
$1,633 / per month

Homeownership Rate

Homeownership
Owners 62.81
Renters 37.19
Vacant 6.30

Housing Market Details

 

Age of Homes

AGE OF Schaumburg HOMES
2000 or Newer 2.9
1970 - 1999 79.7
1940 - 1969 16.1
1939 or Older 1.2

Types of Homes

TYPE OF Schaumburg HOMES
Single-Family 37.0
Townhomes 15.8
Small Apt. Buildings 14.0
Apt. Complexes 33.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Schaumburg HOMES
No Bedroom 2.63
1 Bedroom 16.50
2 Bedrooms 36.04
3 Bedrooms 26.94
4 Bedrooms 16.25
5 or more bedrooms 1.65

Schaumburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
28.68% 1.47% 6 3
* 10 is highest