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2025 Compare Cities Housing:
Parsippany-Troy Hills, NJ vs Hoffman Estates, IL

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Highlights
- The median age of a home in Parsippany-Troy Hills is 13.5% older than the median age of a home in Hoffman Estates.
 Parsippany-Troy Hills, NJHoffman Estates, ILUnited States
 Median Home Age52  Unlock42
 Median Home Cost  Unlock$309,400$338,100
 Home Appr. Last 12 months13.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock35.2%57.0%
 Home Appr. Last 10 yrs.61.1%  Unlock101.1%
 Property Tax Rate  Unlock$24.2$11.0
 Homes Owned57.7%  Unlock57.4%
 Housing Vacant  Unlock4.4%11.2%
 Homes Rented39.4%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Parsippany-Troy Hills, NJHoffman Estates, ILUnited States
 Average Rent  Unlock$2,310$1,840
 Studio Apartment$1,320  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,610$1,180
 2 Bedroom Home or Apartment$1,880  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,340$1,860
 4 Bedroom Home or Apartment$2,800  Unlock$2,160
 space1
 Vacant Housing
 Parsippany-Troy Hills, NJHoffman Estates, ILUnited States
 Vacant For Rent  Unlock0.8%1.9%
 Vacant Rented0.1%  Unlock0.4%
 Vacant For Sale  Unlock0.9%0.7%
 Vacant Sold0.4%  Unlock0.4%
 Vacant Vacation  Unlock0.0%3.6%
 Vacant Other0.7%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Parsippany-Troy Hills, NJHoffman Estates, ILUnited States
 Less Than $20,000  Unlock0.4%2.6%
 $20,000 to $39,9990.1%  Unlock2.4%
 $40,000 to $59,999  Unlock0.2%2.8%
 $60,000 to $79,9990.2%  Unlock3.9%
 $80,000 to $99,999  Unlock1.3%4.5%
 $100,000 to $149,9992.0%  Unlock11.3%
 $150,000 to $199,999  Unlock11.4%13.0%
 $200,000 to $299,9999.0%  Unlock20.1%
 $300,000 to $399,999  Unlock28.5%13.6%
 $400,000 to $499,99927.3%  Unlock8.3%
 $500,000 to $749,999  Unlock4.6%9.7%
 $750,000 to $999,9992.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.5%1.1%
 space3
 Housing Units By Year Built
 Parsippany-Troy Hills, NJHoffman Estates, ILUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock9.2%13.6%
 2000 to 20095.6%  Unlock13.6%
 1990 to 1999  Unlock7.7%13.6%
 1980 to 198912.2%  Unlock13.2%
 1970 to 1979  Unlock34.3%14.8%
 1960 to 19698.3%  Unlock13.6%
 1950 to 1959  Unlock8.9%10.0%
 1940 to 19495.3%  Unlock4.7%
 1939 or Earlier  Unlock1.7%12.2%
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Reviews for Parsippany-Troy Hills    1 Reviews
Bp · Whippany, NJ
Why Parsippany, New Jersey is a great place to liv
Over 14 years ago

Parsippany, NJ is one of the most desirable towns to live in Morris County for many reasons. -The location of Parsippany is perfect for NYC commuters -There are  More

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Reviews for Hoffman Estates    3 Reviews
wilson · Ogden, UT
Health care
Over 15 years ago

Relative easy access and good services  More

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Raleigh · Ogden, UT
Hoffman Eswtates Illinois (Schaumburg Area)
Over 17 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 17 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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Learn More About Parsippany-Troy Hills, New Jersey
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Learn More About Hoffman Estates, Illinois
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