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Affordable
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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 $128,326, lower than the Illinois average of $300,242.
The average cost of rent is $774/mo in Oakwood, primarily driven by the current value of real estate in the Oakwood area. In Oakwood, 21.38% of households rent, and 60.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakwood is $5,236 per month. Households that rent pay about 14.79% of their income on rent here. Oakwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brothers, IL: less expensive homes
- Newtown, IL: higher priced homes
- Catlin, IL: equally priced homes
- Muncie, IL: less expensive homes
- Fairmount, IL: equally priced homes
- Fithian, IL: equally priced homes
- Tilton, IL: less expensive homes
- Danville, IL: less expensive homes
- Belgium, IL: less expensive homes
- Higginsville, IL: higher priced homes
Cities with Similar Populations
- Bainbridge, PA: higher priced homes
- Parish, NY: higher priced homes
- Pine, AZ: higher priced homes
- Ridge Spring, SC: equally priced homes
- Goodells, MI: higher priced homes
- Elmore, OH: higher priced homes
- Sterling, KS: equally priced homes
- Thomson, IL: higher priced homes
- Congress, AZ: higher priced homes
- Collins, GA: equally priced homes
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