Why Live in Olde Schaumburg
Olde Schaumburg, part of the historic Olde Schaumburg Centre (OSC) Historic District, retains its 19th-century charm with modern amenities. The neighborhood features townhomes reminiscent of classic Chicago row houses, single-family ranch-style homes, and split-level homes from the 1970s. Students in Olde Schaumburg attend highly rated schools, including Michael Collins Elementary, Robert Frost Junior High, and James B Conant High, which offer robust academic and extracurricular programs. The area is safer than the national average, providing a secure environment for residents. Local attractions include the Schaumburg Farmers Market, Trickster Cultural Center, and the expansive Schaumburg Township District Library. Dining options abound with family-owned restaurants like Walker Bros. Original Pancake House and Lou Malnati's Pizzeria. For shopping, Woodfield Mall, the largest in Illinois, offers a variety of stores. Outdoor enthusiasts can enjoy Olde Schaumburg Centre Park, Veterans Gateway Park, and Volkening Lake, where boat rentals and fishing are available. The Schaumburg Golf Club provides discounted fees for residents. Olde Schaumburg is conveniently located 15 miles from O’Hare International Airport and 30 miles from Downtown Chicago, accessible via Interstates 90 and 290 or the Schaumburg Metra Station. Medical facilities such as Northwest Community Healthcare/Hospital and Ascension Saint Alexius are nearby, ensuring comprehensive healthcare services.
Frequently Asked Questions
Is Olde Schaumburg a good place to live?
Olde Schaumburg is a good place to live. Olde Schaumburg is considered fairly walkable and very bikeable. Olde Schaumburg is a suburban neighborhood. Olde Schaumburg has 6 parks for recreational activities. It is somewhat dense in population with 7.1 people per acre and a median age of 46. The average household income is $107,047 which is above the national average. College graduates make up 50.9% of residents. A majority of residents in Olde Schaumburg are home owners, with 29.9% of residents renting and 70.1% of residents owning their home. A
local real estate agent serving Olde Schaumburg can help you decide if this neighborhood is the right one for you. Learn more on our
Olde Schaumburg neighborhood guide.
How much do you need to make to afford a house in Olde Schaumburg?
The median home price in Olde Schaumburg is $375,000. If you put a 20% down payment of $75,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,940 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $83K a year to afford the median home price in Olde Schaumburg. The average household income in Olde Schaumburg is $107K.
What are the best public schools in Olde Schaumburg?
The best public schools that serve Olde Schaumburg are:
What are the best private schools in Olde Schaumburg?
The best private schools that serve Olde Schaumburg are:
What are the most popular zip codes in Olde Schaumburg, Schaumburg, IL?
What are the most popular neighborhoods near Olde Schaumburg, Schaumburg, IL?
Are home prices dropping in Olde Schaumburg?
Yes, home prices in Olde Schaumburg are down 36% in the last 12 months.
Home Trends in Olde Schaumburg, IL
On average, homes in Olde Schaumburg, Schaumburg sell after 59 days on the market compared to the national average of 70 days. The median sale price for homes in Olde Schaumburg, Schaumburg over the last 12 months is $321,700, down 27% from the median home sale price over the previous 12 months.
Median Sale Price
$321,700
Median Single Family Sale Price
$417,500
Median Townhouse Sale Price
$285,000
Median 1 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$227
Number of Homes for Sale
2
Last 12 months Home Sales
19
Median List Price
$375,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-27%