Schaumburg, Illinois is a part of the Schaumburg/Hoffman Submarket submarket area, and contains 7 zip codes, including: 60194, 60168, 60193, 60195, 60196, and 60159.
The 2019 average effective rent for Class A, B, and C apartments in the Schaumburg, IL submarket area was $1,213, which is 6.68% higher than 2014 average rent. This represents a compounded annual growth rate of 1.30%. 2019 vacancy in Schaumburg, IL was 3.40%.
The total population of the city of Schaumburg, IL has decreased 0.97% since 2010. As of 2018, the population was 73,509. The median household income of the Schaumburg was $79,740, which is 32.25% higher than the national average.