Hoffman Estates, IL Real Estate
According to census data in the year 2000 there were 17,489 housing units in Hoffman Estates.
This represents a 5.3% growth from 16,608 in 1990.
Of those housing units, 17,454 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.
Homeownership rate in Hoffman Estates is about 76.3%.
Hoffman Estates's vacancy rate, including seasonal lodging, is about 1.7%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Hoffman Estates were built after 1975.
|Housing Units by Size|
|Five Bedrooms or more||3.70%|
Owned Homes, Apartments and Condos
|Average Household Size||3.1|
|Median year structure was built||1975|
|Median Value of occupied units||$181,700|
|Median Price asked for vacant units||$118,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.31|
|Median year structure was built||1977|
|Median Monthly Rent asked for vacant units||$990|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||13.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.6%|