The Most Affordable Neighborhoods in Indian Oaks, IL by Home Value

 

Indian Oaks, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Indian Oaks area can be challenging. Home prices in Indian Oaks are now at a median cost of $291,000, lower than the Illinois average of $300,242.

The average cost of rent is $1,356/mo in Indian Oaks, primarily driven by the current value of real estate in the Indian Oaks area. In Indian Oaks, 13.25% of households rent, and 21.34% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Indian Oaks is $11,224 per month. Households that rent pay about 12.08% of their income on rent here. Indian Oaks’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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