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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 $249,629, lower than the Illinois average of $300,242.
The average cost of rent is $1,387/mo in Oak Forest, primarily driven by the current value of real estate in the Oak Forest area. In Oak Forest, 18.39% of households rent, and 28.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Forest is $8,539 per month. Households that rent pay about 16.25% of their income on rent here. Oak Forest’s most expensive areas are in the southwestern 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.
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: higher 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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