Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Schaumburg area can be challenging. Home prices in Schaumburg are now at a median cost of $228,464, lower than the Illinois average of $242,002.
The average cost of rent is $1,584/mo in Schaumburg, primarily driven by the current value of real estate in the Schaumburg area. While nearly 34.43% of residents own their homes outright in Schaumburg, 53.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Schaumburg is $7,469 per month. Households that rent pay about 21.21% of their income on rent here. Schaumburg's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Hoffman Estates, IL: higher priced homes
- Roselle, IL: higher priced homes
- Hanover Park, IL: equally priced homes
- Streamwood, IL: equally priced homes
- Medinah, IL: higher priced homes
- Elk Grove Village, IL: equally priced homes
- Rolling Meadows, IL: equally priced homes
- South Barrington, IL: higher priced homes
- Bloomingdale, IL: higher priced homes
- Itasca, IL: higher priced homes
Cities with Similar Populations
- Vallejo, CA: higher priced homes
- Utica, NY: less expensive homes
- Utica, MI: higher priced homes
- Union City, NJ: higher priced homes
- Upland, CA: higher priced homes
- Union City, CA: higher priced homes
- Tyler, TX: less expensive homes
- Vacaville, CA: higher priced homes
- Salinas, CA: higher priced homes
- Salisbury, NC: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood