Oak Lawn, IL Real Estate
According to census data in the year 2000 there were 22,912 housing units in Oak Lawn.
This represents a 4.9% growth from 21,835 in 1990.
Of those housing units, 22,912 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 Lawn is about 82.8%.
Oak Lawn's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Oak Lawn were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8% |
| Two Bedrooms | 31.80% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $157,000 |
| Median Price asked for vacant units | $148,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $649 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 44.10% |
| Debt Free | 41.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
