Much like the surrounding areas, it is similar compared to the rest of the country. However compared to the city of Chicago, it is somewhat less expensive.
Home prices
The value of the median home in Hampshire is $217,000. Compared to other places in this area this is about $10,740 (4%) lower.Compared to the country as a whole it is is very similar, and is roughly $41,000 (15%) lower in comparison to the city of Chicago.
Rents
Hampshire's median rent is $1,117 a month. It is approximately $341 (23%) lower compared to other places in this area.Compared to the US as a whole it is roughly $55 (5%) higher, and it is is very similar in comparison to the city of Chicago.
Nearby places
Pingree Grove
Pingree Grove is Hampshire's neighbor to the southeast. The housing prices there are a bit more expensive. Pingree Grove's median home price is $269,100, which works out to $52,100 (19%) higher than Hampshire. Its rents are significantly more expensive. The median rent in Pingree Grove is $1,703 a month, which comes out to $586 (34%) higher than Hampshire.
Huntley
Huntley is Hampshire's neighbor to the northeast. Its housing prices are somewhat more expensive. Huntley's median home price is $251,400, which works out to $34,400 (13%) higher than Hampshire. Rent there is a bit more expensive. In Huntley the median monthly rent is $1,231, which is $114 (9%) higher than Hampshire.
Burlington
Burlington is approximately 4 miles south from Hampshire. Real estate prices there are a bit less expensive. Burlington's median home value is $194,400, which is $22,600 (11%) lower than Hampshire. The rent there is a bit more expensive. Burlington's median rent is $1,283 per month, which is $166 (12%) higher than Hampshire.
Gilberts
Gilberts is approximately 6 miles east from Hampshire. The real estate prices there are somewhat more expensive. The median home in Gilberts is valued at $261,300, which works out to $44,300 (16%) higher than Hampshire. Rents there are substantially more expensive. The median monthly rent in Gilberts is $2,045, which comes out to $928 (45%) higher than Hampshire.
Union
Union is roughly 7 miles north of Hampshire. Its real estate prices are substantially less expensive. The median home in Union costs $162,500, which works out to $54,500 (33%) lower than Hampshire. Rent there is a bit less expensive. The median rent in Union is $1,029 a month, which comes out to $88 (8%) lower than Hampshire.
