Real Estate Investing in Schaumburg, Illinois (60193)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60193 (Schaumburg, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 (60193)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60193 Schaumburg
This part of Cook County is not an easy win. The 60193 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 60193 is notable only for operators who understand what they are buying. A $376K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader IL picture, 60193 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 26% in 60193 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Schaumburg's stable or hybrid ZIPs before stepping into 60193. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Schaumburg:
Property Strategy for 60193
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $168,884 | $2,020 | 8.6% | +9.7% | $168,884 |
| 2BR | $272,716 | $2,280 | 6.0% | +10.1% | $136,358 |
| 3BR | $388,847 | $2,940 | 5.4% | +7.6% | $129,616 |
| 4BR | $524,043 | $3,400 | 4.7% | +7.7% | $131,011 |
| 5BR | $613,303 | — | — | +7.4% | $122,661 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60193 Compare?
| Metric | 60193 | Schaumburg | Illinois |
|---|---|---|---|
| Home Value | $375,730 | $352,132 | $279,761 |
| 5-Year CAGR | 6.1% | 6.8% | 6.6% |
| Avg Rent | $2,133 | $2,100 | - |
| Cap Rate | 4.4% | 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 60193 (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 | $375,730 |
| Monthly Rent | $2,133 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 60193
Population: 39,467
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 60193
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Elizabeth Blackwell Elem School
Helen Keller JHS
John Muir Literacy Academy
Lakeview Elem School
Lincoln Prairie 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 2,443 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Schaumburg, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Schaumburg, IL. With home values at $376K and rents near $2,133/mo, other strategies can work but produce reliable rather than outsized returns.
Does Schaumburg, IL favor landlords or tenants?
Schaumburg, IL operates under IL law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What is the typical renter like in Schaumburg, IL?
Schaumburg, IL offers a steady renter base at the $2,133/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Schaumburg, IL a smart market for rental property?
The 3.0/5 investability rating in Schaumburg, IL reflects its $376K prices and $2,133/mo rents. Investors generally consider it a solid option within IL.
How much should I expect to pay for a home in Schaumburg, IL?
Expect median prices around $376K in Schaumburg, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 60193 now. You don’t know where it ranks.
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How 60193 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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