Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the Hoffman Estates area can be challenging. Home prices in Hoffman Estates are now at a median cost of $338,272, higher than the Illinois average of $300,242.
The average cost of rent is $2,016/mo in Hoffman Estates, primarily driven by the current value of real estate in the Hoffman Estates area. In Hoffman Estates, 29.33% of households rent, and 37.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hoffman Estates is $9,629 per month. Households that rent pay about 20.94% of their income on rent here. Hoffman Estates’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Schaumburg, IL: equally priced homes
- South Barrington, IL: higher priced homes
- Inverness, IL: higher priced homes
- Streamwood, IL: less expensive homes
- Rolling Meadows, IL: equally priced homes
- Hanover Park, IL: less expensive homes
- Roselle, IL: equally priced homes
- Palatine, IL: equally priced homes
- Elk Grove Village, IL: equally priced homes
- Barrington, IL: higher priced homes
Cities with Similar Populations
- Brookline, MA: higher priced homes
- Port Arthur, TX: less expensive homes
- Methuen Town, MA: higher priced homes
- Minnetonka, MN: higher priced homes
- Monroe, MI: less expensive homes
- Montgomery, TX: higher priced homes
- Morgan Hill, CA: higher priced homes
- New Iberia, LA: less expensive homes
- Normal, IL: less expensive homes
- North Highlands, CA: higher priced homes
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