Oak Forest, IL Real Estate
According to census data in the year 2000 there were 9,990 housing units in Oak Forest.
This represents a 10.3% growth from 9,058 in 1990.
Of those housing units, 9,990 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Oak Forest is about 81.6%.
Oak Forest's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.82 people.
The majority of houses, apartments or condos in Oak Forest were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 8.10% |
| Two Bedrooms | 19.90% |
| Three Bedrooms | 50.30% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.01 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $149,200 |
| Median Price asked for vacant units | $142,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $578 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 11.20% |
| Simple Mortgage | 58.30% |
| Debt Free | 22.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
