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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Schiller Park, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Schiller Park, IL Housing Market Trends

With a population of 11,283, 4,311 total housing units (homes and apartments), and a median house value of $318,437, Schiller Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Schiller Park, accounting for 45.11% of the village's housing units. Other types of housing that are prevalent in Schiller Park include large apartment complexes or high rise apartments ( 32.80%), duplexes, homes converted to apartments or other small apartment buildings ( 15.65%), and a few row houses and other attached homes ( 6.44%).

People in Schiller Park primarily live in small (one, two or no bedroom) single-family detached homes. Schiller Park has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Schiller Park's housing was primarily built during this period, from the '40s through the '60s. A full 62.39% of the village's housing hails from this era. Other housing ages represented in Schiller Park include homes built between 1970-1999 ( 26.92%) and housing constructed between 2000 and later ( 5.91%). There's also some housing in Schiller Park built before 1939 ( 4.78%).

Schiller Park Home Appreciation Rates

Schiller Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Schiller Park during the period has been just 5.64%, which is lower than 70% of US communities.

Over the last year, Schiller Park appreciation rates have trailed the rest of the nation. In the last twelve months, Schiller Park's appreciation rate has been 5.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Schiller Park were at 2.79%, which equates to an annual appreciation rate of 11.63%.

Relative to Illinois, our data show that Schiller Park's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$318,437

Schiller Park, IL Home Prices
> $1,162,000
$872,001 - $1,162,000
$581,001 - $872,000
$465,001 - $581,000
$349,001 - $465,000
$232,001 - $349,000
$116,001 - $232,000
$58,001 - $116,000
$0 - $58,000
4.3%
4.3%
2.1%
2.1%
1.5%
1.5%
4.9%
4.9%
15.7%
15.7%
47.1%
47.1%
16.7%
16.7%
5.6%
5.6%
2.1%
2.1%
0% 100.0%
% of Homes
High

for Illinois

High

for nation

Number of Homes And Apartments:

4,311

Schiller Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,044 / per month

Homeownership Rate

Owners
Renters
57.1%
57.1%
42.9%
42.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.0%
5.0%
95.0%
95.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.9%
5.9%
26.9%
26.9%
62.4%
62.4%
4.8%
4.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
45.1%
45.1%
6.4%
6.4%
15.7%
15.7%
32.8%
32.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.4%
3.4%
13.8%
13.8%
30.5%
30.5%
41.7%
41.7%
5.5%
5.5%
5.1%
5.1%
0% 100.0%
% of Homes