The housing market in Schaumburg, IL (zip code 60195) is doing very well compared to the national average. The median value of houses in Schaumburg comes in at $200,000, which is significantly lower than the US median value of $338,100. Additionally, house appreciation in Schaumburg was 9.73% over the past year - higher than the US average of 8.27%. This shows that housing in this area has been growing steadily and should continue to be a sound investment for the foreseeable future.
The median home cost in Schaumburg (zip 60195) is $200,000. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Schaumburg (zip 60195) is up 12.6%.
Average Age of Homes
- The median age of Schaumburg (zip 60195) real estate is 39 years old
The Rental Market in Schaumburg (zip 60195)
- Renters make up 63.5% of the Schaumburg (zip 60195) population
- 2.5% of houses and apartments in Schaumburg (zip 60195), 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.