Expensive
Affordable
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These days, finding an affordable place to live in the Oakbrook Terrace area can be challenging. Home prices in Oakbrook Terrace are now at a median cost of $331,400, higher than the Illinois average of $300,242.
The average cost of rent is $2,089/mo in Oakbrook Terrace, primarily driven by the current value of real estate in the Oakbrook Terrace area. In Oakbrook Terrace, 50.94% of households rent, and 40.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakbrook Terrace is $6,731 per month. Households that rent pay about 31.04% of their income on rent here. Oakbrook Terrace’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oak Brook, IL: higher priced homes
- Villa Park, IL: equally priced homes
- Lombard, IL: equally priced homes
- Elmhurst, IL: higher priced homes
- Hillside, IL: less expensive homes
- Berkeley, IL: less expensive homes
- Clarendon Hills, IL: higher priced homes
- Westchester, IL: equally priced homes
- Westmont, IL: higher priced homes
- Western Springs, IL: higher priced homes
Cities with Similar Populations
- Deer Lodge, MT: less expensive homes
- Howey-in-the-Hills, FL: higher priced homes
- Madison, IL: less expensive homes
- Oriskany, NY: less expensive homes
- West Sayville, NY: higher priced homes
- Muttontown, NY: higher priced homes
- Loretto, PA: less expensive homes
- Mesquite, NM: less expensive homes
- Waymart, PA: less expensive homes
- Narrows, VA: less expensive homes
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