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 about Scout's Real Estate Data
With a population of 76,225, 31,977 total housing units (homes and apartments), and a median house value of $392,078, 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 34.80% of the village's housing units. Other types of housing that are prevalent in Schaumburg include large apartment complexes or high rise apartments ( 32.66%), row houses and other attached homes ( 16.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.05%).
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 ( 15.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.42%).
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 4.92%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Schaumburg's appreciation rate, at 7.49%, has been at or slightly above the national average. In the latest quarter, Schaumburg's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Schaumburg's latest annual appreciation rate is lower than 60% 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.
$392,078
for Illinois
for nation
31,977
$2,935 / per month