HomeIllinoisCook CountyHoffman Estates village
Hoffman Estates village, Illinois: commercial real estate data.
Hoffman Estates village is a Census village of 51,175 people across 20.54 square miles of land, in Cook County. Median household income is $106,806, 74.2 percent of occupied homes are owned, and the SBA record carries 79 7(a) approvals to borrowers here worth $24.5 m.
81 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Hoffman Estates
What Hoffman Estates is
- Census place typevillage
- Land area20.54 sq mi
- Water area0.18 sq mi
- Population per square mile of land2,492
- County holding the largest share of its areaCook County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoffman Estates
How many people live in Hoffman Estates
- Population51,175
- Median age39.2
- Population under 1812,263
- Share under 1824.0 percent
- Population 65 and over8,150
- Share 65 and over15.9 percent
- Households18,537
- Family households14,314
- Share of households that are families77.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoffman Estates
Income and work in Hoffman Estates
- Median household income$106,806
- Per capita income$48,050
- Civilian labor force28,044
- Employed26,874
- Unemployed1,170 plus or minus 293
- Unemployment rate4.2 percent plus or minus 1.0
- Adults 25 and over35,518
- Adults 25 and over with a high school diploma or higher91.8 percent
- Adults 25 and over with a bachelor degree or higher48.5 percent
- Adults 25 and over with a graduate degree17.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoffman Estates
Housing in Hoffman Estates
- Housing units19,335
- Occupied units18,537
- Vacant units798 plus or minus 265
- Vacancy rate4.1 percent plus or minus 1.4
- Owner occupied13,751
- Renter occupied4,786
- Ownership rate74.2 percent
- Median owner-occupied home value$351,900
- Median gross rent, monthly$1,734
- Annual rent as a share of median income19.5 percent
- Single family units14,459
- Share single family74.8 percent
- Units in buildings of two or more4,842
- Share in buildings of two or more25.0 percent
- Mobile homes16 plus or minus 26
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoffman Estates
How Hoffman Estates gets to work
- Workers 16 and over who commute21,472
- Commuting under 15 minutes3,947
- Share commuting under 15 minutes18.4 percent
- Commuting 30 minutes or more9,290
- Share commuting 30 minutes or more43.3 percent
- Drove alone67.7 percent
- Carpooled9.6 percent plus or minus 2.4
- Public transport2.1 percent plus or minus 0.8
- Walked1.3 percent plus or minus 1.0
- Worked from home18.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoffman Estates
SBA loans in Hoffman Estates (7(a))
- Approvals79
- Gross approval$24,504,700
- Average approval$310,186
- Median approval$142,200
- Ninetieth percentile approval$680,000
- Largest approval$5,000,000
- Jobs supported626
- Jobs per approval7.9
- Loans with a final outcome7
- Paid in full6
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more3.8 percent
- Share to franchises15.2 percent
- Distinct lenders30
- Distinct industries by NAICS46
A charge-off rate is not published here. only 7 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hoffman Estates
SBA loans in Hoffman Estates (504)
- Approvals12
- Gross approval$13,889,000
- Average approval$1,157,417
- Median approval$971,000
- Largest approval$5,000,000
- Jobs supported309
- Loans with a final outcome2
- Charged off1
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hoffman Estates
Flood risk in Hoffman Estates
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 7
- NFIP community number170107
- Currently effective map date01/23/26
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Cook County, not Hoffman Estates
Cook County context, not Hoffman Estates figures
These are Cook County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hoffman Estates measurements.
- Establishments in Cook County134,513
- Employment at those establishments, Cook County2,492,328
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Average weekly wage, Cook County$1,672
- Housing units permitted, Cook County6,507
- Of those, single family, Cook County1,142
- County product, 2024, Cook County$546,440,623,000
- County product change over the prior year, Cook County4.6 percent
- Average income of an arriving household, Cook County$91,691
Every figure in this section is published for Cook County as a whole and is not a measurement of Hoffman Estates. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Hoffman Estates questions, answered from the record.
How many people live in Hoffman Estates, Illinois?
51,175, in 18,537 households. Hoffman Estates village covers 20.54 square miles of land, which is 2,492 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hoffman Estates in?
Cook County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Hoffman Estates?
$106,806. The median owner-occupied home is valued at $351,900. Median gross rent is $1,734 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hoffman Estates businesses?
79 7(a) approvals totalling $24.5 m, across 30 lenders, median approval $142,200, plus 12 504 approvals worth $13.9 m. These count approvals to borrowers whose address is in Hoffman Estates, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hoffman Estates borrowers get paid back?
No rate is published for Hoffman Estates. only 7 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Hoffman Estates in the National Flood Insurance Program?
Yes. Hoffman Estates appears in the FEMA Community Status Book as community 170107, carrying Community Rating System class 7, which is a premium discount for exceeding the programme minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Hoffman Estates figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cook County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hoffman Estates.
Is zoning published for Hoffman Estates?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.