Home prices
The cost of the median home in Hoffman Estates is $283,300. Compared to other places in this area it is about $19,020 (6%) lower.Compared to the US as a whole it is about $65,800 (30%) higher, and compared to the city of Chicago it is approximately $25,300 (9%) higher.
Rents
In Hoffman Estates the median monthly rent is $1,398. It is roughly $420 (23%) lower in comparison to the surrounding areas.It is roughly $336 (31%) higher in comparison to the rest of the nation, and is about $286 (25%) higher in comparison to the city of Chicago.
Nearby places
Streamwood
Streamwood is Hoffman Estates's neighbor to the southwest. The real estate prices there are significantly less expensive. The cost of the median home in Streamwood is $192,800, which comes out to $90,500 (46%) lower than Hoffman Estates. Rents there are somewhat more expensive. Streamwood's median rent is $1,743 a month, which works out to $345 (19%) higher than Hoffman Estates.
Schaumburg
Schaumburg is Hoffman Estates's neighbor to the southeast. The housing prices there are a little less expensive. The value of the median home in Schaumburg is $251,100, which works out to $32,200 (12%) lower than Hoffman Estates. The rent there is pretty similar. In Schaumburg the median monthly rent is $1,440, which comes out to $42 (2%) higher than Hoffman Estates.
Inverness
Inverness is Hoffman Estates's neighbor to the northeast. Real estate prices there are a lot more expensive. The median home in Inverness costs $628,700, which works out to $345,400 (54%) higher than Hoffman Estates. Its rents are a lot more expensive. In Inverness the median monthly rent is $3,250, which comes out to $1,852 (56%) higher than Hoffman Estates.
East Dundee
East Dundee is Hoffman Estates's neighbor to the northwest. The real estate prices there are significantly less expensive. The median home in East Dundee costs $197,800, which is $85,500 (43%) lower than Hoffman Estates. Its rents are somewhat less expensive. The median monthly rent in East Dundee is $1,277, which works out to $121 (9%) lower than Hoffman Estates.
Rolling Meadows
Rolling Meadows is approximately 5 miles east from Hoffman Estates. The housing prices there are a bit less expensive. The median home cost in Rolling Meadows is $241,200, which is $42,100 (17%) lower than Hoffman Estates. Rents there are fairly similar. Rolling Meadows's median rent is $1,378 per month, which comes out to $20 (1%) lower than Hoffman Estates.
