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 Size

Housing Units by Size
Studio Type2.40%
One Bedroom12.10%
Two Bedrooms19.90%
Three Bedrooms37.60%
Four Bedrooms24.20%
Five Bedrooms or more3.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.1
Median year structure was built1975
Median Value of occupied units$181,700
Median Price asked for vacant units$118,800

Rented Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1977
Median Monthly Rent asked for vacant units$990

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage7.10%
Home Equity Loan13.10%
Simple Mortgage63.30%
Debt Free16.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.6%