The story of this market
The typical home in ZIP 60173 sells for about $379,993, or $261 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,812 a month.
ZIP 60173 — Schaumburg
The 60173 housing market is currently characterized by a seller-favored environment with limited inventory and stable price growth. High demand for suburban housing, supported by strong local employment hubs, continues to drive competition and maintain high sale-to-list ratios.
This ZIP is well-suited for families and professionals seeking a suburban lifestyle with convenient access to major highways, retail amenities, and established school districts.
Median prices moved up 3.0% year over year.
Homes spend a median of 58 days on market with 2.0 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 3.0% — a stable, low-distress profile.
Built from 178 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.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 60173, Cook County IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by schools within the Schaumburg Community Consolidated School District 54 and Township High School District 211, which generally maintain strong academic reputations in the region.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional winter weather, with flood risk managed by local municipal infrastructure.
The area benefits from proximity to the major commercial and retail hubs of Schaumburg, including the Woodfield Mall area, which serves as a significant regional economic anchor.
Property taxes are assessed by Cook County based on local municipal, school district, and county levies; homeowners may qualify for various exemptions such as the Homeowner Exemption.
Residents have convenient access to I-90 and I-290, providing direct routes to downtown Chicago and the broader Northwest suburban employment corridor.
The ZIP features access to local parks and is within a short drive of the Busse Woods Forest Preserve, offering extensive trails, fishing, and boating opportunities.
The rental market is characterized by steady demand driven by proximity to major suburban employers, with a mix of apartment complexes and single-family rentals.
The local economy is anchored by a diverse mix of retail, corporate headquarters, and service-sector businesses concentrated in the Schaumburg area.
The area is primarily car-dependent but benefits from proximity to major interstate corridors and regional Pace bus service.
Ongoing redevelopment efforts focus on modernizing aging retail centers and enhancing mixed-use density near major transit nodes.
Cook County utilizes a triennial assessment cycle to determine property values for tax purposes.
Parcels are subject to levies from local school districts, Cook County, and municipal government entities.
Property insurance premiums are influenced by regional exposure to wind and hail, consistent with broader Northern Illinois market trends.
Data retrieved from Census Reporter and ACS 2024 profiles.
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 Park4.511.4 mi
- Dave & Buster's Rosemont4.310.3 mi
- Activate Games4.914 mi
- K1 Speed Addison4.37.9 mi
- Round1 Bowling & Arcade - North Riverside4.118.3 mi
- Brookfield Zoo Chicago4.618.3 mi
- Allstate Arena4.38.6 mi
- Donald E. Stephens Convention Center4.510.5 mi
- Topgolf Schaumburg4.41.4 mi
- Medieval Times Dinner & Tournament4.72 mi
- Rivers Casino Des Plaines3.99.9 mi
- Medieval Times Dinner & Tournament4.72 mi
- AMC South Barrington 244.35.5 mi
- LEGOLAND Discovery Center Chicago3.90.8 mi
- AMC Streets of Woodfield 204.20.8 mi
- Chicago Botanic Garden4.814.8 mi
- NOW Arena4.48.7 mi
- Cantigny Park4.814.5 mi
- Kohl Children's Museum4.611.8 mi
- DuPage Children's Museum4.419.3 mi
- Olympic Park4.61.7 mi
- Lilacia Park4.811.3 mi
- White Pines Golf Club4.18.9 mi
- Busse Woods4.72.2 mi
- Bison's Bluff Nature Playground4.71.3 mi
- Lake Park Golf Course & Marina4.67.9 mi
- Lake Park Boating & Sailing4.77.9 mi
- Topgolf Schaumburg4.41.4 mi
- White Pines Golf Club4.18.9 mi
- Villa Olivia4.19.2 mi
- Golf Center Des Plaines4.38.1 mi
- Chevy Chase Country Club4.510.1 mi
- Woodfield Mall4.50.5 mi
- Fashion Outlets of Chicago4.410.4 mi
- Patel Brothers4.410.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large regional forest preserve offering trails, lakes, and recreational facilities.
One of the largest shopping centers in the United States, located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.