What is the rental vacancy rate in Schaumburg Township, IL?
The rental vacancy rate in Schaumburg Township, IL is 2.4% (±1.1 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.6% (±0.4 points).
2,415 (±467) homes, 4.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Schaumburg Township, the rental vacancy rate went from 3.9% in 2015–2019 to 2.4% in 2020–2024 (−1.5 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 2.4% (±1.1 points)
- Homeowner vacancy rate
- 0.6% (±0.4 points)
- Vacant homes
- 2,415 (±467)
Vacancy in Schaumburg Township against Cook County, its state and the nation
| Schaumburg Township | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 2.4% (±1.1 points) | 4.5% (±0.2 points) | 5.0% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.6% (±0.4 points) | 1.1% (±0.1 points) | 1.0% (±0.1 points) | 0.9% |
| Vacant housing units | 2,415 (±467) | 176,263 (±3,778) | 421,003 (±7,877) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Schaumburg Township, the rental vacancy rate is lower than in Cook County (4.5%).
It is also lower than in Illinois (5.0%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Schaumburg Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Schaumburg Township | — | 2.4% (±1.1 points) | — |
| Schaumburg | 0.3 mi | 2.9% (±1.5 points) | Not measurably different |
| Roselle | 3.4 mi | 5.0% (±5.6 points) | Not measurably different |
| Hoffman Estates | 3.7 mi | 2.5% (±1.9 points) | Not measurably different |
| Hanover Park | 4.2 mi | 0.0% (±1.5 points) | Lower |
| Rolling Meadows | 4.6 mi | 3.8% (±5.0 points) | Not measurably different |
| Streamwood | 4.6 mi | 0.0% (±2.6 points) | Not measurably different |
| Itasca | 5.1 mi | 17.5% (±11.0 points) | Higher |
| Elk Grove Village | 5.2 mi | 2.7% (±3.8 points) | Not measurably different |
Nearby places with a measurably lower figure: Hanover Park, IL (0.0%).
Nearby places with a measurably higher figure: Itasca, IL (17.5%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Cook County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 86 (tie) | Burnham | 2.7% (±2.9 points) |
| 86 (tie) | Elk Grove Village | 2.7% (±3.8 points) |
| 88 (tie) | Barrington | 2.6% (±4.1 points) |
| 88 (tie) | Orland Park | 2.6% (±2.7 points) |
| 90 (tie) | Harwood Heights | 2.5% (±4.1 points) |
| 90 (tie) | Hoffman Estates | 2.5% (±1.9 points) |
| 92 | Schaumburg Township | 2.4% (±1.1 points) |
| 93 (tie) | Bridgeview | 2.3% (±2.0 points) |
| 93 (tie) | Burbank | 2.3% (±3.7 points) |
| 93 (tie) | Palos Hills | 2.3% (±3.7 points) |
| 93 (tie) | Phoenix | 2.3% (±3.7 points) |
| 93 (tie) | Rich Township | 2.3% (±1.7 points) |
| 98 | Calumet Township | 2.2% (±2.2 points) |
Showing 13 of 148 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Schaumburg Township
Is it hard to find a rental in Schaumburg Township?
The rental vacancy rate in Schaumburg Township, IL is 2.4% (±1.1 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Schaumburg Township tighter than it was?
In Schaumburg Township, the rental vacancy rate went from 3.9% in 2015–2019 to 2.4% in 2020–2024 (−1.5 percentage points), not a measurable change.
How many homes are vacant in Schaumburg Township?
An estimated 2,415 (±467) housing units, 4.6% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Schaumburg township, Cook County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Schaumburg township, Cook County, Illinois
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Schaumburg township, Cook County, Illinois (county subdivision:68016, in state:17 county:031).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Schaumburg Township at a glance
- Median rent in Schaumburg Township
- Rent by bedrooms in Schaumburg Township
- Rent burden in Schaumburg Township
- Renters and owners in Schaumburg Township
- Income and affordability in Schaumburg Township
- Home values in Schaumburg Township
- Homeowner costs in Schaumburg Township
- Property taxes in Schaumburg Township
- Types of homes in Schaumburg Township
- Bedrooms in Schaumburg Township
- Age of homes in Schaumburg Township
- Heating fuel in Schaumburg Township
- Commute and cars in Schaumburg Township
- Population growth in Schaumburg Township
- How long people stay in Schaumburg Township
- Crowding and facilities in Schaumburg Township
- Fair Market Rent in Schaumburg Township
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by rental vacancy rate
- Housing data for every place in Illinois