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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 12.10% |
| Two Bedrooms | 19.90% |
| Three Bedrooms | 37.60% |
| Four Bedrooms | 24.20% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 63.30% |
| Debt Free | 16.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
