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Oak Lawn, IL

Full City Profile · Illinois · Cook County County

3.4 /5.0
B Good
57,098 Population 6,663/sq mi density
$82,493 Median Income $40,136 per capita
$267,900 Home Value $278,215 Zillow
$1,310 Median Rent 32.0% income on rent
53°F Avg Temperature 275 sunny days/yr
150 Violent Crime/100K 1,492 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$82,493 median income, 3.2% unemployment
A+
Affordability
4.9 / 5.0
$267,900 home value, $1,310/mo rent
F
Safety
1.0 / 5.0
150 violent crimes/100K
B
Education
3.4 / 5.0
30.2% bachelor's degree or higher

Housing Overview

Median Home Value
$267,900
5% below
US avg: $281,900
Median Rent
$1,310/mo
13% above
US avg: $1,163/mo
Homeownership Rate
82.5%
26% above US avg (65.4%)
Total Housing Units
23,207
Median year built: 1967

Home Value by Source

Census Median
$267,900
Zillow (ZHVI)
$278,215
Median Sale Price
$289,450
Median List Price
$283,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

82.5%
Owner-Occupied
17.5%
Renter-Occupied
83%
18%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,310/mo · Zillow rent: $1,711/mo

Market Indicators (Redfin)

Median Days on Market
101 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
42
Price Drops
20.5%
of listings with price reduction
Price Per Sq Ft
$184
Active Inventory
161
homes for sale

Affordability & Housing Stock

Rent Burden
32.0%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
82.5%

Complete Housing Data

Home Values

Census Median Value$267,900
Zillow Home Value (ZHVI)$278,215
Median Sale Price$289,450
Median List Price$283,950
Price Per Sq Ft$184

Rent

Census Median Rent$1,310
Zillow Rent (ZORI)$1,711
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market101
Sale-to-List Ratio1.0%
Price Drops20.5%
Homes Sold42
Active Inventory161
Price Per Sq Ft$184

Ownership & Stock

Owner-Occupied82.5%
Renter-Occupied17.5%
Homeownership Rate82.5%
Total Housing Units23,207
Median Year Built1967
Rent Burden32.0%