Solid Source Realty - CMS Team

Tumultuous markets require not only a seasoned Realtor®, but a valuation professional to ensure accurate pricing; the CMS Solid Source team is comprised of experienced real estate sales and valuation professionals.

Whether you are buying or selling, we have the expertise to assist clients in all stages of the real estate transaction. From a first-time home buyer to full-time investors, our entire focus is to protect your interest in the transaction and ensure the most accurate sale/list price.

Schaumburg, Illinois

Area Information

From Wikipedia, the free encyclopedia

Schaumburg is a village in Cook County. As of the 2000 census, the village had a total population of 75,386. As of 2005, the population slightly dropped to 72,690 according to the Census Bureau. A special census conducted by Schaumburg in 2007 shows it had actually increased to 75,936.

The city has the headquarters of Motorola. One of only two IKEA stores in Illinois is in Schaumburg. It contains the Woodfield Mall, one of the largest malls in America in terms of shopping area. The city is also the home of the Schaumburg Flyers, a Northern League baseball team whose ballpark, Alexian Field, is located near the Elgin O'Hare Expressway. Schaumburg's transition from a rural community to that of a suburban metropolis began with Alfred Campanelli's first large scale suburban-style development in 1959 and Woodfield Mall's opening on September 9, 1971. Inside the city is 1 of 9 of the Medieval Times buildings.

According to the United States Census Bureau, the village has a total area of 19.1 square miles (49.5 km²), of which, 19.0 square miles (49.2 km²) of it is land and 0.1 square miles (0.3 km²) of it (0.63%) is water.

Demographics

As of the census^[3] of 2000, there were 75,386 people, 31,799 households, and 19,301 families residing in the village. The population density was 3,967.1 people per square mile (1,531.9/km²). There were 33,093 housing units at an average density of 1,741.5/sq mi (672.5/km²). The racial makeup of the village was 78.78% White, 3.35% African American, 0.10% Native American, 14.19% Asian, 0.06% Pacific Islander, 1.73% from other races, and 1.78% from two or more races. Hispanic or Latino of any race were 5.29% of the population.

There were 31,799 households out of which 28.4% had children under the age of 18 living with them, 49.9% were married couples living together, 8.1% had a female householder with no husband present, and 39.3% were non-families. 32.3% of all households were made up of individuals and 7.8% had someone living alone who was 65 years of age or older. The average household size was 2.36 and the average family size was 3.07.

In the village the population was spread out with 21.9% under the age of 18, 8.3% from 18 to 24, 36.3% from 25 to 44, 24.0% from 45 to 64, and 9.5% who were 65 years of age or older. The median age was 35 years. For every 100 females there were 94.8 males. For every 100 females age 18 and over, there were 91.9 males.

According to a 2006 estimate, the median income for a household in the village was $65,089, and the median income for a family was $89,522.[1] Males had a median income of $91,319 versus $76,108 for females. The per capita income for the village was $30,587. About 2.0% of families and 3.0% of the population were below the poverty line, including 3.0% of those under age 18 and 4.5% of those ages 65 or over.

Business

Schaumburg is the largest center of retail development in the State of Illinois, outside the City of Chicago. Its retail sales are $3.14 billion, general sales $420.5 million as of 2006.

Transportation

Schaumburg has a station on Metra's Milwaukee District/West Line, which provides daily rail service between Elgin, Illinois and Chicago, Illinois (at Union Station).

Education

Public elementary schools and junior high schools in Schaumburg are operated by Community Consolidated School District 54. The schools are funded through the income from the sales tax from the many businesses in Schaumburg. Schaumburg itself does not impose a property tax on its residents, although Cook County does. 13 of the 27 total schools in District 54 lie within the borders of Schaumburg. These schools have acquired many accolades including recent Blue Ribbon Awards, Teachers Who Excel, as well as being well known for their services in Special Education, Bilingual and Dual Language programs, and Gifted Education. District 54 also prides itself with a dedication to technology and the fine arts.

Schaumburg falls within Township High School District 211. There are five High Schools within District 211: Schaumburg High School, Schaumburg High School, William Fremd High School, Palatine High School, and James B. Conant High School. The majority of students living in Schaumburg are sent to Schaumburg High School; however some attend nearby Schaumburg High School and James B. Conant High School. Schaumburg High School is going under extensive construction in order to add additional classrooms, science labs and faculty offices.

Several colleges are located in Schaumburg including the Illinois Institute of Art — Schaumburg, Roosevelt University, and the Illinois Institute of Design and Technology.