Oak Ridge, IL 61548 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

27.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$1,200

24.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,200

24.7% YoY Growth

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 Type	Median Home Value	YoY % Change
All Homes	$281,000	8.5%
Single Family	$283,000	8.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,220
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,200	$1,220
4 Bed Rent	N/A	N/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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$362,000	4.0%
Listing Count	11	-14.0%
Listings as % of Homes	0.5%	-14.0%
Days on Market	26	27.0%

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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.

Metric	Latest Census	YoY % Change
Population	12,200	1.8%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$950
2 Bedroom	N/A	N/A	$1,200
3 Bedroom	$360	$1,200	$1,560
4 Bedroom	N/A	N/A	$1,630

Oak Ridge, IL—61548

Key Metrics at a Glance

Home Price Trends — Oak Ridge, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Ridge, IL

% of Rental Stock

Property Listings — Oak Ridge, IL

Demographics — Oak Ridge, IL

Race and Ethnicity

Mortgage and Risk — Oak Ridge, IL

Mortgages

Rentals and Section 8 — Oak Ridge, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Ridge, IL

Home Price to Income Ratio

Oak Ridge, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lowpoint, IL

Washington, IL

Washburn, IL

Mossville

East Peoria, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$281,000
Median Household Income	$114,000

Oak Ridge, IL—61548

Key Metrics at a Glance

Home Price Trends — Oak Ridge, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Ridge, IL

% of Rental Stock

Property Listings — Oak Ridge, IL

Demographics — Oak Ridge, IL

Race and Ethnicity

Mortgage and Risk — Oak Ridge, IL

Mortgages

Rentals and Section 8 — Oak Ridge, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Ridge, IL

Home Price to Income Ratio

Oak Ridge, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lowpoint, IL

Washington, IL

Washburn, IL

Mossville

East Peoria, IL

Frequently Asked Questions

What is the average home price in Oak Ridge, IL 61548?

How have home prices in Oak Ridge, IL 61548 changed over the past year?

What is the home price projection for Oak Ridge, IL 61548?

What are the demographics of Oak Ridge, IL 61548?

How long does it take homes to sell in Oak Ridge, IL 61548?

What is the average rent price in Oak Ridge, IL 61548?