Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Oak Forest area can be challenging. Home prices in Oak Forest are now at a median cost of $205,380, lower than the Illinois average of $242,002.
The average cost of rent is $1,297/mo in Oak Forest, primarily driven by the current value of real estate in the Oak Forest area. While nearly 35.11% of residents own their homes outright in Oak Forest, 18.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oak Forest is $7,081 per month. Households that rent pay about 18.31% of their income on rent here. Oak Forest's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Midlothian, IL: less expensive homes
- Crestwood, IL: less expensive homes
- Robbins, IL: less expensive homes
- Tinley Park, IL: higher priced homes
- Markham, IL: less expensive homes
- Country Club Hills, IL: less expensive homes
- Posen, IL: less expensive homes
- Hazel Crest, IL: less expensive homes
- Palos Heights, IL: higher priced homes
- Orland Hills, IL: higher priced homes
Cities with Similar Populations
- Westmont, IL: higher priced homes
- Bristol, VA: less expensive homes
- Burlington, MA: higher priced homes
- Camp Hill, PA: higher priced homes
- Candler, NC: equally priced homes
- Carbondale, IL: less expensive homes
- Cave Spring, VA: higher priced homes
- Centereach, NY: higher priced homes
- Chaska, MN: higher priced homes
- Walker, MI: higher priced homes
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