Oakland, IL
Full City Profile · Illinois · Douglas County County
3.6
/5.0
B+
Good
948
Population
1,215/sq mi density
$49,571
Median Income
$32,746 per capita
$97,200
Home Value
$142,578 Zillow
$509
Median Rent
30.8% income on rent
53°F
Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$49,571 median income, 6.1% unemployment
A+
Affordability
5.0 / 5.0
$97,200 home value, $509/mo rent
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher
Housing Overview
Median Home Value
$97,200
66% below
US avg: $281,900
Median Rent
$509/mo
56% below
US avg: $1,163/mo
Homeownership Rate
78.3%
20% above US avg (65.4%)
Total Housing Units
498
Median year built: 1969
Home Value by Source
Census Median
$97,200
Zillow (ZHVI)
$142,578
Redfin Median Sale
$38,900
Median Sale Price
$38,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
78.3%
Owner-Occupied
21.7%
Renter-Occupied
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:
$509/mo
Market Indicators (Redfin)
Median Sale Price
$38,900
Median Days on Market
42 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
1
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$31
Active Inventory
3
homes for sale
Affordability & Housing Stock
Rent Burden
30.8%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
78.3%
Complete Housing Data
Home Values
| Census Median Value | $97,200 |
| Zillow Home Value (ZHVI) | $142,578 |
| Redfin Median Sale | $38,900 |
| Median Sale Price | $38,900 |
| Price Per Sq Ft | $31 |
Rent
| Census Median Rent | $509 |
| 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 Market | 42 |
| Sale-to-List Ratio | 0.8% |
| Price Drops | 33.3% |
| Homes Sold | 1 |
| Active Inventory | 3 |
| Price Per Sq Ft | $31 |
Ownership & Stock
| Owner-Occupied | 78.3% |
| Renter-Occupied | 21.7% |
| Homeownership Rate | 78.3% |
| Total Housing Units | 498 |
| Median Year Built | 1969 |
| Rent Burden | 30.8% |