Oakwood, IL
Full City Profile · Illinois · Vermilion County County
2.7
/5.0
C+
Fair
1,243
Population
1,337/sq mi density
$43,894
Median Income
$26,623 per capita
$98,300
Home Value
$159,808 Zillow
$795
Median Rent
27.5% income on rent
53°F
Avg Temperature
275 sunny days/yr
67
Violent Crime/100K
735 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$43,894 median income, 0.7% unemployment
A+
Affordability
5.0 / 5.0
$98,300 home value, $795/mo rent
F
Safety
1.0 / 5.0
67 violent crimes/100K
D
Education
1.6 / 5.0
7.8% bachelor's degree or higher
Housing Overview
Median Home Value
$98,300
65% below
US avg: $281,900
Median Rent
$795/mo
32% below
US avg: $1,163/mo
Homeownership Rate
75.9%
16% above US avg (65.4%)
Total Housing Units
650
Median year built: 1969
Home Value by Source
Census Median
$98,300
Zillow (ZHVI)
$159,808
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.9%
Owner-Occupied
24.1%
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:
$795/mo
Affordability & Housing Stock
Rent Burden
27.5%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
75.9%
Complete Housing Data
Home Values
| Census Median Value | $98,300 |
| Zillow Home Value (ZHVI) | $159,808 |
Rent
| Census Median Rent | $795 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 75.9% |
| Renter-Occupied | 24.1% |
| Homeownership Rate | 75.9% |
| Total Housing Units | 650 |
| Median Year Built | 1969 |
| Rent Burden | 27.5% |
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