Oak Brook, IL—60523
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Brook, IL
As of Oct '25, the median home price in Oak Brook, IL is $941,000, with a year-over-year change of 7.6%. This indicates that home prices in Oak Brook, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $941,000 | 7.6% |
| Single Family | $1,063,000 | 8.5% |
| Condos | $380,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | 2.4% |
2 Bed | $476,000 | 3.3% |
3 Bed | $712,000 | 5.6% |
4 Bed | $1,113,000 | 8.7% |
| 5 Bed | $1,620,000 | 10.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Oak Brook, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Brook, IL is 49. This is a decrease of -4.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $807,000 | -2.0% |
Listing Count | 50 | -26.0% |
| Listings as % of Homes | 1.3% | -26.0% |
Days on Market | 49 | -4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Oak Brook, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $941,000 |
| Median Household Income | $114,000 |