Housing in Hoffman Estates, IL is quite valuable, with the median value of a house being $309,400. This is significantly lower than the US national median value of $338,100; however, over the past year there has been a 9.69% appreciation in housing prices in Hoffman Estates, slightly higher than the US national average of 8.27%. It is clear that homeowners in Hoffman Estates are seeing increased returns on their investments due to the rising housing market.
The median home cost in Hoffman Estates is $309,400. Home appreciation the last 10 years has been 62.9%. Home Appreciation in Hoffman Estates is up 12.7%.
Average Age of Homes
- The median age of Hoffman Estates real estate is 41 years old
The Rental Market in Hoffman Estates
- Renters make up 23.9% of the Hoffman Estates population
- 0.8% of houses and apartments in Hoffman Estates, 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.