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Affordable
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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 $392,500, higher than the Indiana average of $232,932.
The average cost of rent is $866/mo in Oak Forest, primarily driven by the current value of real estate in the Oak Forest area. In Oak Forest, 19.44% of households rent, and 55.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Forest is $6,549 per month. Households that rent pay about 13.22% of their income on rent here. Oak Forest’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.
Nearby Cities
- Brookville, IN: less expensive homes
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Cities with Similar Populations
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- Ordbend, CA: higher priced homes
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- Omega, MS: less expensive homes
- Ottenheim, KY: less expensive homes
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