Zip 60453 (Oak Lawn, IL) Housing

The housing in Oak Lawn, IL (60453) is quite healthy. The median value of the housing in this area is $251,100, which is slightly below the national median value of $338,100. Despite this, the 1 year house appreciation rate for Oak Lawn is actually higher than the national average at 9.35%, indicating that home values in this area are rising faster than other parts of the country. This makes it an attractive place to purchase a home and could potentially offer future returns on investments for those looking to buy in the Oak Lawn area.

The median home cost in Oak Lawn (zip 60453) is $251,100. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Oak Lawn (zip 60453) is up 13.7%.

Average Age of Homes

- The median age of Oak Lawn (zip 60453) real estate is 50 years old

The Rental Market in Oak Lawn (zip 60453)

- Renters make up 17.4% of the Oak Lawn (zip 60453) population
- 1.6% of houses and apartments in Oak Lawn (zip 60453), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Oak Lawn, Illinois	United States
	23,490.0	139,647,020.0
	54	42
	$251,100	$338,100
	13.7%	16.6%
	41.6%	57.0%
	66.0%	101.1%
	$25.82	$10.98
	$5,743	$2,690
	76.5%	57.4%
	6.1%	11.2%
	17.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.1%	0.4%
	0.6%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	0.7%	2.4%
	1.3%	2.8%
	2.2%	3.9%
	4.8%	4.5%
	11.4%	11.3%
	17.9%	13.0%
	38.1%	20.1%
	17.1%	13.6%
	2.8%	8.3%
	0.9%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.1%	13.6%
	4.1%	13.6%
	7.7%	13.6%
	9.5%	13.2%
	21.2%	14.8%
	7.7%	13.6%
	22.2%	10.0%
	6.9%	4.7%
	3.1%	12.2%

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