Streamwood, Illinois Housing Market Prices
Updated
Streamwood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 29% above the Illinois median$193,913
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Median rent 32% above the Illinois median$1,680
Housing Market Overview
| Metric | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $193,913 | $149,936 | $248,835 |
| Price Trend (Annual %) | 8.5% | 2.5% | 7.5% |
| Median Gross Rent | $1,680 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Streamwood is about 29% higher than in Illinois. Rent is about 32% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Streamwood, up about 8.5% and 2.0% a year respectively. Home prices are changing faster.
Median rent in Streamwood rose about 22.0% between 2015 and 2024, from $1,377 to $1,680. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Streamwood.
Buying the median-priced home in Streamwood costs roughly 9.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Streamwood. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $193,913 | $149,936 | $248,835 |
| Median Household Income | $95,390 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Streamwood rose about 41.1%, while median household income rose about 32.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.1% | 61.9% | 58.5% |
| Rental Rate | 16.7% | 30.4% | 31.2% |
| Vacancy Rate | 3.2% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Streamwood has a homeownership rate of 80.1%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.00 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1981 | 1969 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Streamwood was built around 1981. On average, 3.0 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Streamwood, IL Housing Compared With Nearby Cities
How Streamwood, IL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Streamwood, IL | 38,420 | $193,913 #3/3 | $1,680 #3/3 | 82.7% #1/3 |
| Hoffman Estates, IL | 48,159 | $319,257 | $1,758 | 68.6% |
| Schaumburg, IL | 78,574 | $265,775 | $1,776 | 67.4% |
Frequently Asked Questions
Common questions about the housing market in Streamwood, Illinois.
What is the median home price in Streamwood, Illinois?
The median home price in Streamwood, Illinois is $193,913, higher than the Illinois average of $149,936.
What is the average home price in Streamwood, Illinois?
The typical home price in Streamwood, Illinois, reported as the median sale price, is $193,913. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Streamwood, Illinois?
The median gross rent in Streamwood, Illinois is $1,680 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Streamwood in 2020?
In 2020, the median gross rent in Streamwood, Illinois was $1,561 per month.
What is the price-to-rent ratio in Streamwood, Illinois?
The price-to-rent ratio in Streamwood, Illinois is about 9.6, meaning it would take roughly 9.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Streamwood.
Are home prices or rent rising faster in Streamwood, Illinois?
Both home prices and rent are rising in Streamwood, up about 8.5% and 2.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Streamwood, Illinois?
80.1% of households in Streamwood, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Streamwood, Illinois?
The housing vacancy rate in Streamwood, Illinois is 3.2%, lower than the Illinois average of 7.7%.
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