What HUD offices serve Hoffman Estates, Illinois?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Hoffman Estates.
How many renters live in Hoffman Estates, Illinois?
The City of Hoffman Estates has 51,744 people living in 18,372 households.
There are 12,897 renters living in 4,768 renter households in this City. Renters make up 24.92 percent of the population living in Hoffman Estates.
What is the rental market like in Hoffman Estates, Illinois?
There are an estimated 19,312 housing units in the Hoffman Estates area. Of these, 4,996 units are rental homes, making up 26 percent of the housing market. For every renter household in Hoffman Estates, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Hoffman Estates?
The rental vacancy rate in Hoffman Estates is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Hoffman Estates for each bedroom size?
Occupied Rental Units by Size in Hoffman Estates
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 147 | 1,071 | 1,816 | 1,590 | 125 |
Occupied Rental Units by Size in Hoffman Estates
A large number of apartments in Hoffman Estates have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Hoffman Estates are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Hoffman Estates
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,399 |
| One BR | $1,507 |
| Two BR | $1,714 |
| Three BR | $2,182 |
| Four BR | $2,583 |
2024 Fair Market Rents in Hoffman Estates, Illinois
How many units are rented at Fair Market Rent (FMR) in Hoffman Estates?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 92 | 63 percent |
| One BR | 843 | 79 percent |
| Two BR | 633 | 35 percent |
Rental Units Below FMR in Hoffman Estates, Illinois
How many affordable rental units are in Hoffman Estates?
There are a variety of federal affordable housing programs serving households in Hoffman Estates, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 90 |
| Section 8 Project-Based Rental Assistance | 1 |
Tracked Units by Federal Program in Hoffman Estates, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hoffman Estates, Illinois
Hoffman Estates features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Hoffman Estates, Illinois
There are 121 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hoffman Estates.
Housing Choice Vouchers in Hoffman Estates, Illinois
On average, Section 8 Housing Choice vouchers pay Hoffman Estates landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Hoffman Estates.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hoffman Estates, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
