The story of this market
The typical home in ZIP 60133 sells for about $354,000, or $204 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,594 a month.
ZIP 60133 — Hanover Park
The housing market in 60133 remains stable with steady price appreciation driven by low inventory and consistent demand from commuters. While interest rates have impacted affordability, the area's relative value continues to attract family buyers. Market conditions are expected to remain balanced in the near term.
This ZIP is well-suited for families and commuters seeking a balance between suburban affordability and transit accessibility to Chicago. It attracts buyers looking for established housing stock and proximity to major employment hubs.
Median prices moved up 5.2% year over year.
Homes spend a median of 28 days on market with 2.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 12.5% — a stable, low-distress profile.
Built from 256 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 60133, Illinois
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Hanover Park are generally consistent with regional suburban averages, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address safety trends.
The area is served by U-46 and District 54, with schools generally receiving moderate performance ratings. Bartlett High School is a notable anchor for the secondary education level in the district.
The area faces standard Midwestern climate risks, including potential for severe thunderstorms and occasional flooding in low-lying zones near local creeks. Property insurance premiums are stable but reflect regional exposure to wind and hail events.
Economic momentum is driven by proximity to the O'Hare industrial corridor and local retail centers. Infrastructure improvements focus on maintaining transit access to the Metra Milwaukee District West line.
Property taxes are levied by a combination of municipal, county, and school district authorities, with school districts accounting for the largest share of the tax bill. Homeowners may qualify for standard Illinois homestead exemptions.
Residents benefit from the Hanover Park Metra station, providing direct rail access to downtown Chicago. Major highway access is facilitated by nearby I-390 and I-90 corridors.
The area features several community parks, including the Hanover Park Park District facilities, and is within short driving distance of forest preserves and regional shopping centers in neighboring Schaumburg.
The rental market is characterized by steady demand from commuters and families, with moderate vacancy pressure. Investor interest remains active due to the area's relative affordability compared to inner-ring suburbs.
The local economy is anchored by light manufacturing, logistics, and retail services. Proximity to the Schaumburg business district provides significant employment opportunities for residents.
The area is well-served by the Metra rail system and a network of arterial roads connecting to the regional expressway system. Public transit options are primarily focused on commuter rail and local bus routes.
Development focus is currently on infill projects and the modernization of existing commercial corridors. Municipal planning emphasizes transit-oriented growth near the rail station.
Parcels are subject to various taxing bodies including school districts, library districts, and park districts. Special service areas may apply to specific commercial developments.
Property insurance markets are stable, though premiums are influenced by regional weather patterns and the age of housing stock. Homeowners are encouraged to maintain adequate coverage for wind and water damage.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Santa’s Village Amusement & Water Park4.59.8 mi
- Slick City Action Park4.717 mi
- Dave & Buster's Rosemont4.314 mi
- Activate Games4.912.8 mi
- K1 Speed Addison4.36 mi
- Brookfield Zoo Chicago4.618.7 mi
- Allstate Arena4.313.3 mi
- Donald E. Stephens Convention Center4.514.5 mi
- Topgolf Schaumburg4.47.4 mi
- Medieval Times Dinner & Tournament4.76.9 mi
- The Morton Arboretum4.811.9 mi
- Medieval Times Dinner & Tournament4.76.9 mi
- AMC South Barrington 244.36.3 mi
- LEGOLAND Discovery Center Chicago3.97 mi
- AMC Streets of Woodfield 204.27 mi
- NOW Arena4.47.2 mi
- Cantigny Park4.88.7 mi
- DuPage Children's Museum4.413.9 mi
- Kohl Children's Museum4.618.2 mi
- Frank Lloyd Wright Home & Studio4.818.6 mi
- The Morton Arboretum4.811.9 mi
- Olympic Park4.66.3 mi
- Cantigny Park4.88.7 mi
- Lilacia Park4.89.1 mi
- White Pines Golf Club4.110.4 mi
- Topgolf Schaumburg4.47.4 mi
- Topgolf Naperville4.412.3 mi
- White Pines Golf Club4.110.4 mi
- Arrowhead Golf Club4.510.4 mi
- Villa Olivia4.14.6 mi
- Woodfield Mall4.57.2 mi
- Yorktown Center4.411.9 mi
- H Mart Naperville4.512.6 mi
- Goebbert's Farm - South Barrington4.36.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive recreational facilities and community programming.
Local green space serving the immediate residential community.
Critical rail link for commuters traveling to Chicago Union Station.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.