The housing market in Schaumburg, IL (zip code 60194) is performing exceptionally well. The median value of homes in this area is $268,600, which is significantly lower than the US median value of $338,100. Over the past year, home values have appreciated by 9.73%, which is higher than the national average of 8.27%. This trend indicates that the housing market continues to be strong in Schaumburg and is a great place for potential homeowners to invest in real estate.
The median home cost in Schaumburg (zip 60194) is $268,600. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Schaumburg (zip 60194) is up 12.6%.
Average Age of Homes
- The median age of Schaumburg (zip 60194) real estate is 38 years old
The Rental Market in Schaumburg (zip 60194)
- Renters make up 24.4% of the Schaumburg (zip 60194) population
- 1.5% of houses and apartments in Schaumburg (zip 60194), 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.