Housing in Hoffman Estates, IL (zip code 60169) is much more affordable than the US House Median Value. The median value for houses in Hoffman Estates is $277,700, which is approximately 17% lower than the national figure. Despite this lower median value, housing in Hoffman Estates is appreciating more quickly than the rest of the nation. Over the past year, the median house values have appreciated by 9.73%, whereas nationwide it was 8.27%. This could be indicative of strong public services and great access to amenities that make property in Hoffman Estates desirable among potential buyers.
The median home cost in Hoffman Estates (zip 60169) is $277,700. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Hoffman Estates (zip 60169) is up 12.6%.
Average Age of Homes
- The median age of Hoffman Estates (zip 60169) real estate is 44 years old
The Rental Market in Hoffman Estates (zip 60169)
- Renters make up 32.9% of the Hoffman Estates (zip 60169) population
- 1.3% of houses and apartments in Hoffman Estates (zip 60169), 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.