Hoffman Estates, Illinois.
Typical home $404,075 (+6.5% in a year), asking rent $2,039 (+4.0%). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,172 (+124%) since Jan 2020.
- 1 year
- Up $24,539 +6%
- $379,536$404,075 since Sep 2025
- 5 years
- Up $108,368 +37%
- $295,707$404,075 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Hoffman Estates$2,121
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Hoffman Estates, IL rose 6.5% over the past year — faster than the nation's +1.2%.
Asking rents in Hoffman Estates, IL rose 4.0% over the past year — faster than the nation's +2.7%.
Owning the typical home in Hoffman Estates runs $1,157/mo more than renting one — the widest that gap has been in this data.
That is $3,196 a month against $2,039 rent: a $2,121 mortgage payment, plus $642 property tax and $433 insurance & upkeep.
Owning vs renting — Hoffman Estates
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,196
- Renting$2,039
- Mortgage only$2,121
Property tax · $642/mo 1.91% of value a year — the ACS 2020-2024 median bill over the median home value for Cook County, IL
Insurance & upkeep · $433/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Hoffman Estates, Cook County, Illinois
Hoffman Estates is a village of 52,530 people in Cook County. Half its households earn more than $106,806 a year and half less, against $83,498 across Cook County; 7% of its people live below the poverty line. 74% of its homes are lived in by their owners and 26% are rented. Unemployment in Hoffman Estates was 4.9% in August 2026, and Cook County had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Hoffman Estates is a village in Cook County and a sizeable suburb by the standards of the area. Household incomes run well above the county's, and most homes are lived in by their owners rather than rented. Winters are cold and snowy, with January highs near freezing, while July brings warm days, and precipitation is spread fairly evenly through the year.
Work. Residents work in schools, hospitals and social care, in manufacturing, in professional and business services, and in restaurants, hotels and entertainment. Among the largest workplaces in the village are St. Alexius Medical Center, CDK Global and Siemens Medical Solutions USA. Many adults hold a four-year degree, and a good number of people work from home.
Things to do. The city of Chicago is a longer drive away, and its attractions are the main draw for outings. The Art Institute of Chicago is a museum of the first rank, and Millennium Park is a downtown garden and gathering place. Wrigley Field is one of the best known ballparks in the country, and it too is a longer drive away.
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- 18,537households
- 48%of adults have a degree
- 7%below the poverty line
- 28 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 14°; warmest in July, with highs near 87° and lows near 61°. About 34 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Streamwood weather station, 3 miles away (NOAA).
Largest workplaces in Hoffman Estates
- St. Alexius Medical CenterGeneral hospital1,231FTE
- CDK GlobalComputer software, packaged, merchant wholesalers540
- Siemens Medical Solutions USADiagnostic equipment, electromedical, manufacturing516
- Alexian Brothers Behavioral HealthPsychiatric hospital452FTE
- Leopardo ConstructionAddition, alteration and renovation general contractors, commercial and institutional building356
- Hoffman Estates High SchoolAcademies, elementary or secondary350
- Zeigler Hoffman Estates MercedesAutomobile dealers, new only or new and used210
- Village of Hoffman EstatesPublic property management services, government201
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 25 workplaces with 20 or more staff, 6,058 people in all. Hospitals come from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Heat wavesRelatively high
- TornadoesRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Hoffman Estates’ census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Hoffman Estates home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Hoffman Estates$404,075
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 4 Hoffman Estates listings, and the typical home goes pending in 20 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Hoffman Estates27.86%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Hoffman Estates20
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Hoffman Estates115
New listings per month
Sellers arriving at the market.
- Hoffman Estates47
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Hoffman Estates$384,611
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Hoffman Estates100.40%
Zip codes with a Hoffman Estates address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Hoffman Estates — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Hoffman Estates
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 60169 | Hoffman Estates | 33,401 | $2,013 | $348,556 |
| 60192 | Hoffman Estates | 16,461 | — | $506,830 |
| 60195 | Schaumburg | 4,397 | $1,788 | $308,381 |