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  1. Home
  2. /Browse ZIP Codes
  3. /Illinois
  4. /Oak Forest, IL - 60452

Oak Forest, IL—60452

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$304,000
5.5% YoY Growth
Household Income
$89,200
17.6% YoY Growth
Days on Market
38
17.0% Longer YoY
Home Price Forecast
2.3%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oak Forest, IL

As of May '26, the median home price in Oak Forest, IL is $304,000, with a year-over-year change of 5.5%. This indicates that home prices in Oak Forest, IL are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$304,0005.5%
Single Family $322,0005.2%
Condos $193,0001.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$204,0002.0%
    3 Bed
    		$312,0005.8%
    4 Bed
    		$369,0005.1%
    5 Bed $394,7354.2%
    Loading chart...

    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    7.1%
    2 Bedrooms
    22.8%
    3 Bedrooms
    46.7%
    4 Bedrooms
    16.8%
    5+ Bedrooms
    4.1%

    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.

    TypeMedian RentAverage 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$323,0005.0%
    Listing Count
    		68-1.0%
    Listings as % of Homes0.5%-1.0%
    Days on Market
    		3817.0%
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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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Oak Forest, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$304,000
    Median Household Income$89,200

    Oak Forest, IL — ZIP Code Boundary Map

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    Frequently Asked Questions