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2026 Compare Cities Housing:
Hoffman Estates, IL vs Lake Placid, FL

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Highlights
- The median age of a home in Hoffman Estates is 15.6% older than the median age of a home in Lake Placid.
 Hoffman Estates, ILLake Placid, FLUnited States
 Median Home Age45  Unlock42
 Median Home Cost  Unlock$248,500$338,100
 Home Appr. Last 12 months12.7%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock95.2%57.0%
 Home Appr. Last 10 yrs.62.9%  Unlock101.1%
 Property Tax Rate  Unlock$9.4$11.0
 Homes Owned69.3%  Unlock57.4%
 Housing Vacant  Unlock29.6%11.2%
 Homes Rented26.3%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Hoffman Estates, ILLake Placid, FLUnited States
 Average Rent  Unlock$1,190$1,840
 Studio Apartment$1,480  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$740$1,180
 2 Bedroom Home or Apartment$1,840  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,210$1,860
 4 Bedroom Home or Apartment$2,790  Unlock$2,160
 space1
 Vacant Housing
 Hoffman Estates, ILLake Placid, FLUnited States
 Vacant For Rent  Unlock7.7%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock3.8%0.7%
 Vacant Sold0.9%  Unlock0.4%
 Vacant Vacation  Unlock2.2%3.6%
 Vacant Other1.8%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Hoffman Estates, ILLake Placid, FLUnited States
 Less Than $20,000  Unlock2.1%2.6%
 $20,000 to $39,9991.1%  Unlock2.4%
 $40,000 to $59,999  Unlock4.4%2.8%
 $60,000 to $79,9990.9%  Unlock3.9%
 $80,000 to $99,999  Unlock3.0%4.5%
 $100,000 to $149,9994.7%  Unlock11.3%
 $150,000 to $199,999  Unlock7.4%13.0%
 $200,000 to $299,99932.2%  Unlock20.1%
 $300,000 to $399,999  Unlock5.1%13.6%
 $400,000 to $499,99914.2%  Unlock8.3%
 $500,000 to $749,999  Unlock1.9%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.8%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
 space3
 Housing Units By Year Built
 Hoffman Estates, ILLake Placid, FLUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock13.8%13.6%
 2000 to 20099.2%  Unlock13.6%
 1990 to 1999  Unlock18.6%13.6%
 1980 to 198918.2%  Unlock13.2%
 1970 to 1979  Unlock22.1%14.8%
 1960 to 19697.7%  Unlock13.6%
 1950 to 1959  Unlock7.9%10.0%
 1940 to 19491.2%  Unlock4.7%
 1939 or Earlier  Unlock2.0%12.2%
Transportation
Reviews for Hoffman Estates    3 Reviews
wilson · Ogden, UT
Health care
Over 16 years ago

Relative easy access and good services  More

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Raleigh · Ogden, UT
Hoffman Eswtates Illinois (Schaumburg Area)
Over 18 years ago

Hoffman Estates is a good place to live. The best thing is the job market and the availability of good paying jobs. In certain areas housing is reasonably priced for  More

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Cary · Schaumburg, IL
The Green Gem Of Chicago
Over 18 years ago

Hoffman estates growing to greatness is it's motto and ambition. Home of Sears National Headquarters, as well as the newest indoor auditorium the Sears Center, Hoffman  More

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Reviews for Lake Placid    4 Reviews
Robert · Dickinson, TX
Great little town in central FL
Over 7 years ago

So, I bought a house in Lake Placid about 7 months ago and so far I love it. Real Estate is very reasonable and plenty of properties to pick from. Seems like prices  More

   |    Reply
Linda · Lake Placid, FL
Home prices in Lake Placid, Fl.
Over 10 years ago

Your site states it is not a good time to buy a home in Lake Placid because home prices are down. Wouldn't that be the perfect time to  More

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Linda · Lake Placid, FL
Lake Placid, Fl.
Over 11 years ago

South Florida definitely has the best weather but that comes with a price. I'm retiring to the wide open spaces of Lake Placid. Cost of living is lower and home prices,  More

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Learn More About Hoffman Estates, Illinois
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