Why Live in Downtown Oswego
Downtown Oswego is a vibrant neighborhood with a rich history as a transportation hub, now revitalized with a focus on community events and economic growth. The area is pedestrian-friendly, with ample parking and safe walkways leading to boutiques, eateries, and entertainment venues. Annual events like Wine on the Fox Fest, Downtown Bunny Hop, and Shop Small Saturdays foster a sense of community and support for local businesses. The culinary scene is centered around Washington Street and South Madison Street, featuring welcoming spots like Oak + Bean and Village Grind Coffee & Tea. Residents can also find essentials at the local Jewel-Osco. Housing options range from historic bungalows and farmhouses to new traditional homes in subdivisions like Hudson Pointe. Southbury Elementary School and Oswego High School are highly rated, providing strong educational foundations. Hudson Crossing Park, with its paved paths, sculpture garden, and play areas, offers recreational opportunities along the Fox River. While Oswego lacks a Metra station, residents can access the Aurora train station for a 41-mile commute to Chicago Union Station. The neighborhood is conveniently located near major routes, making it a 5.5-mile drive to RUSH Copley Medical Center and 12 miles to Naperville, with Chicago O'Hare International Airport 43 miles away.
Frequently Asked Questions
Is Downtown Oswego a good place to live?
Downtown Oswego is a good place to live. Downtown Oswego is considered somewhat walkable and somewhat bikeable. Downtown Oswego is a suburban neighborhood. Downtown Oswego has 6 parks for recreational activities. It is fairly sparse in population with 4.2 people per acre and a median age of 39. The average household income is $65,042 which is below the national average. College graduates make up 22.2% of residents. A majority of residents in Downtown Oswego are home owners, with 34% of residents renting and 66% of residents owning their home. A
local real estate agent serving Downtown Oswego can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Oswego neighborhood guide.
How much do you need to make to afford a house in Downtown Oswego?
The median home price in Downtown Oswego is $310,000. If you put a 20% down payment of $62,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Downtown Oswego. The average household income in Downtown Oswego is $65K.
What are the best public schools in Downtown Oswego?
The best public schools that serve Downtown Oswego are:
What are the most popular zip codes in Downtown Oswego, Oswego, IL?
What are the most popular neighborhoods near Downtown Oswego, Oswego, IL?
Are home prices dropping in Downtown Oswego?
Yes, home prices in Downtown Oswego are down 5% in the last 12 months.
Home Trends in Downtown Oswego, IL
On average, homes in Downtown Oswego, Oswego sell after 31 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Oswego, Oswego over the last 12 months is $303,500, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$303,500
Median Single Family Sale Price
$314,900
Average Price Per Sq Ft
$233
Number of Homes for Sale
3
Last 12 months Home Sales
22
Median List Price
$310,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-2%