ZIP Code 60196 — Schaumburg, IL Home Prices (2026)
The typical home in ZIP 60196 (Schaumburg, Illinois) is worth about $625,000 at roughly $329 per square foot — 65% more expensive than the Schaumburg median and 113% more expensive than the typical U.S. home.
How 60196 compares
ZIP 60196 is one of the pricier ZIP codes in Schaumburg: its typical home value of $625,000 ranks #1 of the 4 Schaumburg ZIP codes we track (the citywide range runs from $340,000 in 60194 to $625,000 in 60196). Per square foot it costs about $329, against $266 for Schaumburg as a whole, $135 for Illinois, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 60196 | $625,000 | $329 |
| Schaumburg, IL | $378,000 | $266 |
| Illinois | $200,000 | $135 |
| United States | $294,000 | $195 |
Home value by size in 60196
Using this ZIP’s rate of about $329 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $329,000 |
| 1,500 sq ft | $493,500 |
| 2,000 sq ft | $658,000 |
| 2,500 sq ft | $822,500 |
| 3,000 sq ft | $987,000 |
Salary needed to buy a home in ZIP 60196
To buy the typical $625,000 home in ZIP 60196 with 20% down, you need a household income of roughly $170,000 a year (about $3,970 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $202,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $31,300 | $4,930/mo | $211,000/yr |
| 10% (+PMI) | $62,500 | $4,710/mo | $202,000/yr |
| 20% | $125,000 | $3,970/mo | $170,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 60196
At about $329 per square foot, here is roughly how much home different budgets get you in ZIP 60196:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $300k | 910 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1220 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1520 sq ft | around the typical home here |
| $600k | 1820 sq ft | around the typical home here |
| $750k | 2280 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 60196 home.
Estimate a specific home in 60196
The estimator below is pre-set to ZIP 60196 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Schaumburg ZIP codes by home value
Where 60196 sits among Schaumburg’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 60196 (this page) | $625,000 | $329 |
| 2 | 60173 | $380,000 | $275 |
| 3 | 60193 | $376,000 | $256 |
| 4 | 60194 | $340,000 | $255 |
ZIP 60196 home prices: frequently asked
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See the full Schaumburg home values page, all Illinois cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.