Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Oakwood area can be challenging. Home prices in Oakwood are now at a median cost of $98,835, lower than the Illinois average of $242,002.
The average cost of rent is $626/mo in Oakwood, primarily driven by the current value of real estate in the Oakwood area. While nearly 53.20% of residents own their homes outright in Oakwood, 15.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oakwood is $4,941 per month. Households that rent pay about 12.67% of their income on rent here. Oakwood's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Brothers, IL: higher priced homes
- Newtown, IL: higher priced homes
- Catlin, IL: higher priced homes
- Muncie, IL: higher priced homes
- Fairmount, IL: higher priced homes
- Fithian, IL: equally priced homes
- Tilton, IL: less expensive homes
- Danville, IL: equally priced homes
- Belgium, IL: less expensive homes
- Higginsville, IL: higher priced homes
Cities with Similar Populations
- Bainbridge, PA: higher priced homes
- Parish, NY: equally priced homes
- Pine, AZ: higher priced homes
- Ridge Spring, SC: higher priced homes
- Goodells, MI: higher priced homes
- Elmore, OH: higher priced homes
- Sterling, KS: higher priced homes
- Thomson, IL: higher priced homes
- Congress, AZ: higher priced homes
- Collins, GA: less expensive homes
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