Oak Forest, IL 60452 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oak Forest, IL—60452

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$299,000

4.4% YoY Growth

Household Income

$89,200

17.6% YoY Growth

Days on Market

17.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,800

5.9% YoY Growth

1-Bed Rent

$1,450

47.2% YoY Growth

2-Bed Rent

$1,780

9.5% YoY Growth

3-Bed Rent

$2,000

9.1% YoY Growth

Home Price Trends — Oak Forest, IL

As of May '26, the median home price in Oak Forest, IL is $299,000, with a year-over-year change of 4.4%. This indicates that home prices in Oak Forest, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$299,000	4.4%
Single Family	$317,000	4.3%
Condos	$184,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Oak Forest, IL

As of July '25, Rentcast reports the average rent in Oak Forest, IL is $1,910, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Oak Forest, IL is studios: $1,340, 1-bedrooms: $1,590, 2-bedrooms: $1,840, 3-bedrooms: $2,210, 4-bedrooms: $2,970. The most common rental property sizes in Oak Forest, IL are 2-bedroom and 3-bedroom, accounting for 43.1% and 21.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,910
Studio Rent	$1,340	$1,340
1 Bed Rent	$1,450	$1,590
2 Bed Rent	$1,780	$1,840
3 Bed Rent	$2,000	$2,210
4 Bed Rent	$2,970	$2,970

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% of Rental Stock

Studio

9.1%

1 Bedroom

20.9%

2 Bedrooms

43.1%

3 Bedrooms

21.3%

4 Bedrooms

4.9%

5+ Bedrooms

0.6%

Property Listings — Oak Forest, IL

As of May '26, Realtor.com reports that the median days on market for a home in Oak Forest, IL is 38. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$323,000	5.0%
Listing Count	68	-1.0%
Listings as % of Homes	0.5%	-1.0%
Days on Market	38	17.0%

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Demographics — Oak Forest, IL

As of the latest ACS Survey released in 2023, Oak Forest, IL has a population of 26,500, which has decreased by -6.4% over the past 5 years. Oak Forest, IL is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,500	-6.4%
% Under 18	21.5%	0.9%
% Seniors	16.3%	21.6%
% WFH	9.7%	86.5%
% w/ College Degree	30.1%	6.7%

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As of the latest ACS Survey released in 2023, Oak Forest, IL is a predominantly white area, with 64.6% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Oak Forest, IL is hispanic, making up 18.2% of the population. Foreign-born residents account for 13.6% of the population in Oak Forest, IL, and this percentage has increased by 29.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	64.6%	-14.8%
% Black	8.0%	60.0%
% Hispanic	18.2%	26.4%
% Asian	6.0%	46.3%
% Foreign Born	13.6%	29.5%

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Mortgage and Risk — Oak Forest, IL

According to HUD data as of 2023, there were 359 mortgage originations in Oak Forest, IL, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Oak Forest, IL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	359
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Oak Forest, IL

As of 2024, the percent of homes in Oak Forest, IL under the Section 8 program is 3.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Oak Forest, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	64
Total Units Section 8	64
% Rentals under Section 8	3.1%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$1,450	$1,410
2 Bedroom	-$190	$1,780	$1,590
3 Bedroom	$40	$2,000	$2,040
4 Bedroom	-$570	$2,970	$2,400

Oak Forest, IL—60452

Key Metrics at a Glance

Home Price Trends — Oak Forest, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Forest, IL

% of Rental Stock

Property Listings — Oak Forest, IL

Demographics — Oak Forest, IL

Race and Ethnicity

Mortgage and Risk — Oak Forest, IL

Mortgages

Rentals and Section 8 — Oak Forest, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Forest, IL

Home Price to Income Ratio

Oak Forest, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Midlothian, IL

Crestwood, IL

Tinley Park, IL

Robbins, IL

Country Club Hills, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$299,000
Median Household Income	$89,200

Oak Forest, IL—60452

Key Metrics at a Glance

Home Price Trends — Oak Forest, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Forest, IL

% of Rental Stock

Property Listings — Oak Forest, IL

Demographics — Oak Forest, IL

Race and Ethnicity

Mortgage and Risk — Oak Forest, IL

Mortgages

Rentals and Section 8 — Oak Forest, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Forest, IL

Home Price to Income Ratio

Oak Forest, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Midlothian, IL

Crestwood, IL

Tinley Park, IL

Robbins, IL

Country Club Hills, IL

Frequently Asked Questions

What is the average home price in Oak Forest, IL 60452?

How have home prices in Oak Forest, IL 60452 changed over the past year?

What is the home price projection for Oak Forest, IL 60452?

What are the demographics of Oak Forest, IL 60452?

How long does it take homes to sell in Oak Forest, IL 60452?

What is the average rent price in Oak Forest, IL 60452?