Real Estate Investing in Schaumburg, Illinois (60173)
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Should you buy in 60173 (Schaumburg, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Schaumburg, IL (60173)?
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Market Analysis: 60173 Schaumburg
The 60173 ZIP covers a section of Schaumburg that demands careful diligence. Prices near $380K look accessible, but the work to make a deal cash flow is real.
The 60173 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IL picture, 60173 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 60173 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Schaumburg:
Property Strategy for 60173
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $194,176 | $2,080 | 7.7% | +8.9% | $194,176 |
| 2BR | $276,380 | $2,340 | 6.1% | +8.8% | $138,190 |
| 3BR | $472,349 | $3,010 | 4.6% | +6.6% | $157,450 |
| 4BR | $735,961 | $3,490 | 3.4% | +6.9% | $183,990 |
| 5BR | $853,973 | — | — | +7.1% | $170,795 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60173 Compare?
| Metric | 60173 | Schaumburg | Illinois |
|---|---|---|---|
| Home Value | $379,993 | $352,132 | $279,761 |
| 5-Year CAGR | 7.7% | 6.8% | 6.6% |
| Avg Rent | $2,087 | $2,100 | - |
| Cap Rate | 4.3% | 4.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60173 (Schaumburg, IL). Anonymous, moderated, never written by AI.
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Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $379,993 |
| Monthly Rent | $2,087 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -3.8% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60173
Population: 13,892
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60173
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Central Road Elem School
Kimball Hill Elem School
Carl Sandburg Jr High School
Winston Churchill Elem School
Plum Grove Jr High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Schaumburg, IL?
In Schaumburg, IL the median home value sits at $380K. Against the broader IL market, that reads as reasonable for most investors.
What is the tenant pool like in Schaumburg, IL?
Tenant quality in Schaumburg, IL ranks as solid. Landlords generally report stable occupancy at market rents of $2,087/mo.
Is vacancy a concern in Schaumburg, IL?
Schaumburg, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
Can I house hack in Schaumburg, IL?
For house hackers, Schaumburg, IL is a challenging. The $2,087/mo rent on a unit helps defray the mortgage on a $380K property.
How landlord-friendly is Schaumburg, IL?
For rental operators, Schaumburg, IL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 60173 now. You don’t know where it ranks.
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How 60173 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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