Market Overview
Home Prices in Schaumburg, IL
The median home value in Schaumburg, IL is $363,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Schaumburg are priced11% below average. Schaumburg is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Schaumburg home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Schaumburg Home Price Trend
City Comparison
Schaumburg vs. National Median
At $363,376, homes in Schaumburg cost 11% below the national median of $410,000. This makes Schaumburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Schaumburg?
20% Down Payment
$72,675
on $363,376
Monthly P&I
$1,895/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,407/mo
incl. taxes & insurance
Income Needed
$96,280
gross annual (30% rule)
10% Down Option
$36,338
+ PMI applies
Loan Amount (20% dn)
$290,701
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Schaumburg, IL?
The median home value in Schaumburg is $363,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Schaumburg?
Over the past year, home values in Schaumburg have increased by 4.9%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Schaumburg?
To comfortably afford the median home price of $363,376 with a 20% down payment ($72,675) at today's rates (6.8%), you'd need a gross annual income of approximately $96,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Schaumburg compare to the national average home price?
The national median home value is approximately $410,000. At $363,376, homes in Schaumburg are 11% below the national average.
What metro area is Schaumburg part of?
Schaumburg is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.