Oak Brook, IL 60523 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oak Brook, IL—60523

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$927,000

7.8% YoY Growth

Household Income

$114,000

10.6% YoY Growth

Days on Market

26.0% Shorter YoY

Home Price Forecast

2.1%

Median Rent

$3,320

12.1% YoY Growth

1-Bed Rent

$3,100

2.7% YoY Growth

2-Bed Rent

$5,330

20.0% YoY Growth

3-Bed Rent

$6,230

11.3% YoY Growth

Home Price Trends — Oak Brook, IL

As of Dec '25, the median home price in Oak Brook, IL is $927,000, with a year-over-year change of 7.8%. This indicates that home prices in Oak Brook, IL are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$927,000	7.8%
Single Family	$1,045,000	8.7%
Condos	$367,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Oak Brook, IL

As of July '25, Rentcast reports the average rent in Oak Brook, IL is $4,370, with a year-over-year rent change of 12.1%. Per bedroom, the median rent as of July '25 in Oak Brook, IL is 1-bedrooms: $3,090, 2-bedrooms: $5,160, 3-bedrooms: $6,230, 4-bedrooms: $5,500. The most common rental property sizes in Oak Brook, IL are 1-bedroom and 4-bedroom, accounting for 64.9% and 11.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,320	$4,370
Studio Rent	N/A	N/A
1 Bed Rent	$3,100	$3,090
2 Bed Rent	$5,330	$5,160
3 Bed Rent	$6,230	$6,230
4 Bed Rent	$4,500	$5,500

Loading chart...

% of Rental Stock

Studio

3.9%

1 Bedroom

64.9%

2 Bedrooms

9.6%

3 Bedrooms

4.3%

4 Bedrooms

11.7%

5+ Bedrooms

5.7%

Property Listings — Oak Brook, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Oak Brook, IL is 40. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$819,000	-9.0%
Listing Count	37	-28.0%
Listings as % of Homes	1.3%	-28.0%
Days on Market	55	-26.0%

Loading chart...

Demographics — Oak Brook, IL

As of the latest ACS Survey released in 2023, Oak Brook, IL has a population of 10,000, which has decreased by -1.2% over the past 5 years. Oak Brook, IL is a moderately popular place for families, as children make up 18.5% of the population. The area has a highly educated workforce, with 64.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,000	-1.2%
% Under 18	18.5%	40.2%
% Seniors	35.3%	-14.7%
% WFH	16.8%	41.2%
% w/ College Degree	64.4%	6.4%

Loading chart...

As of the latest ACS Survey released in 2023, Oak Brook, IL is a predominantly white area, with 63.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Oak Brook, IL is asian, making up 27.1% of the population. Foreign-born residents account for 26.1% of the population in Oak Brook, IL, and this percentage has increased by 1.2% 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	63.3%	-1.9%
% Black	1.8%	-43.8%
% Hispanic	5.5%	52.8%
% Asian	27.1%	1.5%
% Foreign Born	26.1%	1.2%

Loading chart...

Mortgage and Risk — Oak Brook, IL

According to HUD data as of 2023, there were 171 mortgage originations in Oak Brook, IL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Oak Brook, IL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	171
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

Loading chart...

Rentals and Section 8 — Oak Brook, IL

As of 2024, the percent of homes in Oak Brook, IL under the Section 8 program is 25.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Oak Brook, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	428
Total Units Section 8	214
% Rentals under Section 8	25.9%
% Occupied Section 8	96.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$2,130	$3,100	$970
2 Bedroom	-$4,240	$5,330	$1,090
3 Bedroom	-$4,830	$6,230	$1,400
4 Bedroom	-$2,860	$4,500	$1,640

Oak Brook, IL—60523

Key Metrics at a Glance

Home Price Trends — Oak Brook, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Brook, IL

% of Rental Stock

Property Listings — Oak Brook, IL

Demographics — Oak Brook, IL

Race and Ethnicity

Mortgage and Risk — Oak Brook, IL

Mortgages

Rentals and Section 8 — Oak Brook, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Brook, IL

Home Price to Income Ratio

Oak Brook, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Clarendon Hills, IL

Hinsdale, IL

Villa Park, IL

Westmont, IL

Hillside, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.6
Median Home Price	$927,000
Median Household Income	$114,000

Oak Brook, IL—60523

Key Metrics at a Glance

Home Price Trends — Oak Brook, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Brook, IL

% of Rental Stock

Property Listings — Oak Brook, IL

Demographics — Oak Brook, IL

Race and Ethnicity

Mortgage and Risk — Oak Brook, IL

Mortgages

Rentals and Section 8 — Oak Brook, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Brook, IL

Home Price to Income Ratio

Oak Brook, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Clarendon Hills, IL

Hinsdale, IL

Villa Park, IL

Westmont, IL

Hillside, IL

Frequently Asked Questions

What is the average home price in Oak Brook, IL 60523?

How have home prices in Oak Brook, IL 60523 changed over the past year?

What is the home price projection for Oak Brook, IL 60523?

What are the demographics of Oak Brook, IL 60523?

How long does it take homes to sell in Oak Brook, IL 60523?

What is the average rent price in Oak Brook, IL 60523?