Rental market snapshot for Hoffman Estates, Illinois

Hoffman Estates, Illinois Rental Property Market Overview

Hoffman Estates, Illinois is a vibrant and growing community located in the northern suburbs of Chicago. According to the US Census, the population of Hoffman Estates in 2021 was 51,350, making it one of the larger suburbs in the area. The city offers a variety of amenities, including shopping, dining, and entertainment options, as well as a variety of parks and recreational activities. With its convenient location and diverse population, Hoffman Estates is an ideal place to live and work.

The average rent for an apartment in Hoffman Estates is $2,206. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Hoffman Estates Illinois | Cost of Living

  • The most expensive ZIP code in Hoffman Estates is 60169 with an average price of $2,260.
  • The cheapest ZIP code in Hoffman Estates is 60169 with an average price of $2,260.

Hoffman Estates ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160169$2,260

Live near Hoffman Estates, Illinois's Top Sights and Attractions

Community Park is a sprawling outdoor recreation area located in Hoffman Estates, Illinois. It features a variety of amenities, including a large lake, walking trails, playgrounds, picnic areas, and sports fields. The park also has a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy a variety of activities, such as fishing, boating, and swimming. The park is a great place to spend a day outdoors with family and friends.

Zocher Park is a sprawling outdoor recreation area located in the suburbs of Illinois. It features a variety of activities for all ages, including a playground, walking paths, picnic areas, a fishing pond, and a disc golf course. The park also has a large open field for sports, as well as a pavilion and a gazebo for special events. With its lush green lawns, mature trees, and picturesque views, Zocher Park is a great place to spend a day outdoors.

High Point Park is a beautiful outdoor recreational area located in Hoffman Estates, Illinois. It features a variety of activities and amenities, including a large lake, a playground, picnic areas, walking trails, and a disc golf course. The park also offers a variety of sports fields, including baseball, softball, and soccer fields, as well as a basketball court. Visitors can also enjoy fishing, boating, and canoeing on the lake. The park is a great place to spend the day with family and friends, enjoying the outdoors and all the activities the park has to offer.

Sycamore Park is a large outdoor recreational area located in Hoffman Estates, Illinois. It features a variety of activities for all ages, including a playground, walking trails, a fishing pond, and a picnic area. The park also has a large open field perfect for sports and other activities. There are also several pavilions and shelters available for rent, making it a great spot for family gatherings and special events.

Salk Park is a large outdoor recreational area located in Hoffman Estates, Illinois. It features a variety of activities for visitors of all ages, including a playground, a fishing pond, a walking path, a picnic area, and a disc golf course. The park also has a large open field, perfect for playing sports or having a picnic. The park is surrounded by lush trees and shrubs, providing a peaceful and tranquil atmosphere.

South Ridge Park is a sprawling outdoor recreational area located in the suburbs of Illinois. It features a variety of activities for visitors of all ages, including a large playground, a lake with a beach, a disc golf course, and a variety of trails for hiking and biking. There are also picnic areas, grills, and a pavilion for larger gatherings. The park is well-maintained and offers stunning views of the surrounding area.

The Salvation Army Central Territory Historical Museum is a museum dedicated to preserving and sharing the history of the Salvation Army. The museum features a variety of artifacts, photographs, and documents that tell the story of the organization's history and impact. Visitors can explore the museum's interactive exhibits, which include a timeline of the Salvation Army's history, a replica of the first Salvation Army meeting hall, and a display of uniforms and artifacts from the organization's past. The museum also offers educational programs and special events throughout the year.

Cannon Crossings Park is a sprawling outdoor recreational area located in the suburbs of Illinois. It features a variety of activities for visitors of all ages, including a large playground, a fishing pond, a walking path, and several sports fields. The park also has a picnic area, a gazebo, and a pavilion, making it a great spot for a family outing or a romantic evening. The park is surrounded by lush greenery and is a great place to relax and enjoy nature.

Hoffman Estates Park Dist is a recreational facility located in the suburbs of Illinois. It offers a variety of activities for all ages, including swimming, tennis, basketball, volleyball, and softball. There are also playgrounds, picnic areas, and walking trails. The park also features a variety of special events throughout the year, such as concerts, festivals, and movies in the park.

Hoffman Estates Park Dist is a recreational facility located in the suburbs of Illinois. It offers a variety of activities for all ages, including swimming, tennis, basketball, volleyball, and softball. There are also playgrounds, picnic areas, and walking trails. The park also features a variety of special events throughout the year, such as concerts, festivals, and movies in the park.

Hoffman Estates, Illinois area median rent change by ZIP code map

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How does Hoffman Estates compare to other cities in Illinois?

citymedian price
Orland Park$2,695
Skokie$2,595
Crete$2,400
Broadview$2,300
Summit$2,190
Alsip$1,695
Lansing$1,500
Waukegan$1,350
Highland$1,045

Average household income in Hoffman Estates area graph - US Census

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The median household income in Hoffman Estates in 2021 was $96,274. This represents a 18.7% change from 2011 when the median was $81,105.

#categorypercent
0Less than $10,0002.8%
1$10,000 to $14,9991.7%
2$15,000 to $19,9991.9%
3$20,000 to $24,9991.9%
4$25,000 to $29,9992.4%
5$30,000 to $34,9992.6%
6$35,000 to $39,9992.7%
7$40,000 to $44,9994.3%
8$45,000 to $49,9992.7%
9$50,000 to $59,9995.0%
10$60,000 to $74,9999.3%
11$75,000 to $99,99916.7%
12$100,000 to $124,99913.5%
13$125,000 to $149,9999.5%
14$150,000 to $199,99912.4%
15$200,000 or more10.5%

Neighborhoods in Hoffman Estates

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Hoffman Estates is $2,206.
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