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Oakwood, IL Real Estate


According to census data in the year 2000 there were 635 housing units in Oakwood. This represents a 2.6% growth from 619 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 635 were located in what is classified as a rural area.

Homeownership rate in Oakwood is about 83.4%. Oakwood's vacancy rate, including seasonal lodging, is about 2.4%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Oakwood were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.60%
Two Bedrooms38.30%
Three Bedrooms47.90%
Four Bedrooms5.70%
Five Bedrooms or more0.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1970
Median Value of occupied units$61,700
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1978
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.80%
Home Equity Loan5%
Simple Mortgage56.10%
Debt Free36.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.3%