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Hoffman Estates, IL
Full City Profile · Illinois · McHenry County County
3.9
/5.0
B+
Good
51,186
Population
2,492/sq mi density
$109,683
Median Income
$49,069 per capita
$340,400
Home Value
$384,550 Zillow
$1,764
Median Rent
26.1% income on rent
50°F
Avg Temperature
260 sunny days/yr
127
Violent Crime/100K
845 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$109,683 median income, 2.5% unemployment
A+
Affordability
4.9 / 5.0
$340,400 home value, $1,764/mo rent
F
Safety
1.0 / 5.0
127 violent crimes/100K
A+
Education
4.8 / 5.0
46.9% bachelor's degree or higher
Housing Overview
Median Home Value
$340,400
21% above
US avg: $281,900
Median Rent
$1,764/mo
52% above
US avg: $1,163/mo
Homeownership Rate
74.2%
13% above US avg (65.4%)
Total Housing Units
19,312
Median year built: 1976
Home Value by Source
Census Median
$340,400
Zillow (ZHVI)
$384,550
Median Sale Price
$415,000
Median List Price
$410,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.2%
Owner-Occupied
25.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,764/mo
· Zillow rent:
$2,022/mo
Market Indicators (Redfin)
Median Days on Market
67 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
32
Price Drops
7.5%
of listings with price reduction
Price Per Sq Ft
$218
Active Inventory
80
homes for sale
Affordability & Housing Stock
Rent Burden
26.1%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
74.2%
Complete Housing Data
Home Values
| Census Median Value | $340,400 |
| Zillow Home Value (ZHVI) | $384,550 |
| Median Sale Price | $415,000 |
| Median List Price | $410,000 |
| Price Per Sq Ft | $218 |
Rent
| Census Median Rent | $1,764 |
| Zillow Rent (ZORI) | $2,022 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 67 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 7.5% |
| Homes Sold | 32 |
| Active Inventory | 80 |
| Price Per Sq Ft | $218 |
Ownership & Stock
| Owner-Occupied | 74.2% |
| Renter-Occupied | 25.8% |
| Homeownership Rate | 74.2% |
| Total Housing Units | 19,312 |
| Median Year Built | 1976 |
| Rent Burden | 26.1% |