There are currently 13,793 real estate properties in Hoffman Estates, IL, with a median automated valuation model (AVM) price of $370,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hoffman Estates, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hoffman Estates, IL, is $392,481.00, with the most expensive house in Hoffman Estates, IL, topping out at $34,759,900.00 and the cheapest home in Hoffman Estates, IL, clocking in at $93,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Hoffman Estates, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hoffman Estates, IL, is on a rollercoaster ride. The average rent price in Hoffman Estates, IL, is $2,023.00. Indeed, when looking to rent in Hoffman Estates, IL, you can expect to pay as little as $960.00 or as much as $4,000.00, with the average rent median estimated to be $1,930.00. The good news is that finding an affordable and desirable property to rent in Hoffman Estates, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Hoffman Estates, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Hoffman Estates, IL and much more. Save thousands at closing with home foreclosure listings in Hoffman Estates, IL — up to 75% off market value!
Hoffman Estates is located in Cook, Illinois, with an estimated municipal population of 50,932 residents. All of the best foreclosed homes for sale in Hoffman Estates are located in the following zip code areas on Foreclosure.com: 60010 60192 60195 60169 60120 60094 60159 60179. The estimated population per square kilometer (.62 miles) in Hoffman Estates is 933.
So, about how much do homes cost in Hoffman Estates? The most recent median value of resident-owned homes in Hoffman Estates is 283,104. An estimated 75.7 percent of households in Hoffman Estates own their homes, with an average family size of 3.27. The median household income in Hoffman Estates is 91,917, with45.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hoffman Estates, the median commute time of resident workers (in minutes) is 31.6. And last, but certainly not least, are you looking for homes to rent in Hoffman Estates? If so, the average rent price paid by renters in Hoffman Estates is 1,398, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hoffman Estates, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Hoffman Estates is 38.6, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Hoffman Estates is 58.3, with an average family size of 3.27.
The percentage of residents who report their race in Hoffman Estates is as follows:
|Black / African American||4.7%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Hoffman Estates? Or maybe you are searching for 55+ active adult communities in and/or near Hoffman Estates?
The percentage of residents who report their age in Hoffman Estates is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hoffman Estates with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hoffman Estates.
How do you know that living in -- or moving to -- Hoffman Estates is right where you need to be? Perhaps you grew up in Hoffman Estates or already live nearby; therefore, the decision to buy a home in Hoffman Estates is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hoffman Estates for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hoffman Estates:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hoffman Estates.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hoffman Estates can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hoffman Estates, meanwhile, can field multiple offers from more qualified buyers.
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