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Oak Ridge, IL—61548

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$281,000
8.5% YoY Growth
Household Income
$114,000
29.4% YoY Growth
Days on Market
26
27.0% Longer YoY
Home Price Forecast
2.8%
Median Rent
$1,200
24.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,200
24.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oak Ridge, IL

As of Dec '25, the median home price in Oak Ridge, IL is $281,000, with a year-over-year change of 8.5%. This indicates that home prices in Oak Ridge, IL are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$281,0008.5%
Single Family $283,0008.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$176,0008.6%
    3 Bed
    		$256,0008.5%
    4 Bed
    		$339,0006.3%
    5 Bed $412,8764.6%
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    % of Housing Stock

    1 Bedroom
    0.9%
    2 Bedrooms
    13.9%
    3 Bedrooms
    47.4%
    4 Bedrooms
    31.3%
    5+ Bedrooms
    6.6%

    Rental Trends — Oak Ridge, IL

    As of July '25, Rentcast reports the average rent in Oak Ridge, IL is $1,220, with a year-over-year rent change of -24.7%. Per bedroom, the median rent as of July '25 in Oak Ridge, IL is 3-bedrooms: $1,220. The most common rental property sizes in Oak Ridge, IL are 3-bedroom and 2-bedroom, accounting for 47.1% and 42.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,220
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,200$1,220
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    9.3%
    2 Bedrooms
    42.6%
    3 Bedrooms
    47.1%
    4 Bedrooms
    1.1%

    Property Listings — Oak Ridge, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Oak Ridge, IL is 44. This is a increase of 33.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$362,0004.0%
    Listing Count
    		11-14.0%
    Listings as % of Homes0.5%-14.0%
    Days on Market
    		2627.0%
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    Demographics — Oak Ridge, IL

    As of the latest ACS Survey released in 2023, Oak Ridge, IL has a population of 12,200, which has increased by 1.8% over the past 5 years. Oak Ridge, IL is a moderately popular place for families, as children make up 24.6% of the population. The area has a highly educated workforce, with 51.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,2001.8%
    % Under 18
    		24.6%-7.9%
    % Seniors
    		16.9%16.6%
    % WFH
    		13.1%227.5%
    % w/ College Degree
    		51.0%15.1%
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    As of the latest ACS Survey released in 2023, Oak Ridge, IL is a predominantly white area, with 95.5% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Oak Ridge, IL is hispanic, making up 1.7% of the population. Foreign-born residents account for 2.0% of the population in Oak Ridge, IL, and this percentage has decreased by 4.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.5%0.0%
    % Black
    		0.3%50.0%
    % Hispanic
    		1.7%41.7%
    % Asian
    		1.0%-9.1%
    % Foreign Born
    		2.0%-4.8%
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    Mortgage and Risk — Oak Ridge, IL

    According to HUD data as of 2023, there were 266 mortgage originations in Oak Ridge, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Oak Ridge, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		266
    % Conventional Loans
    		85.0%
    % Government Loans
    		15.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Oak Ridge, IL

    Oak Ridge, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		52
    Total Units Section 8
    		52
    % Rentals under Section 8
    		13.8%
    % Occupied Section 8
    		72.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$950
    2 BedroomN/AN/A$1,200
    3 Bedroom$360$1,200$1,560
    4 BedroomN/AN/A$1,630

    Affordability — Oak Ridge, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$281,000
    Median Household Income$114,000

    Oak Ridge, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    61545

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    61571

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    61570

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    61611

    Frequently Asked Questions