Zip 60173 (Schaumburg, IL) Housing

The housing market in 60173 Schaumburg, IL is quite strong. The median value of a house in this area is $298,600, which is considerably lower than the national median of $338,100. However, the rate of appreciation for the past year has been 9.73%, much higher than the national average of 8.27%. This indicates that investments made in housing in Schaumburg are likely to appreciate at a faster rate than investments in other areas throughout the US. Overall, it appears that housing in Schaumburg is a safe and lucrative investment opportunity.

The median home cost in Schaumburg (zip 60173) is $298,600. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Schaumburg (zip 60173) is up 12.6%.

Average Age of Homes

- The median age of Schaumburg (zip 60173) real estate is 35 years old

The Rental Market in Schaumburg (zip 60173)

- Renters make up 61.7% of the Schaumburg (zip 60173) population
- 1.9% of houses and apartments in Schaumburg (zip 60173), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Schaumburg, Illinois	United States
	6,914.0	139,647,020.0
	37	42
	$298,600	$338,100
	12.6%	16.6%
	35.4%	57.0%
	63.3%	101.1%
	$25.25	$10.98
	$7,596	$2,690
	32.9%	57.4%
	5.5%	11.2%
	61.6%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	1.5%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.2%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	3.4%	4.5%
	13.1%	11.3%
	15.7%	13.0%
	15.8%	20.1%
	15.9%	13.6%
	3.2%	8.3%
	30.8%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.9%	13.6%
	4.9%	13.6%
	28.2%	13.6%
	21.5%	13.2%
	33.1%	14.8%
	28.2%	13.6%
	1.5%	10.0%
	0.2%	4.7%
	0.8%	12.2%

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