The housing median value in 61858 Oakwood, IL is $128,100 and the US house median value is $338,100. In the past year, the US has seen an 8.27% appreciation in house values while Oakwood has seen an even higher 8.72% appreciation rate. This trend shows that Oakwood is a great place to invest in residential property as house values are growing quickly and still remain accessible to many buyers. With its strong economy, low unemployment rate, and large number of job opportunities, it's no wonder that Oakwood has become a desired real estate market for many of today's homebuyers.
The median home cost in Oakwood (zip 61858) is $128,100. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Oakwood (zip 61858) is up 14.5%.
Average Age of Homes
- The median age of Oakwood (zip 61858) real estate is 41 years old
The Rental Market in Oakwood (zip 61858)
- Renters make up 15.4% of the Oakwood (zip 61858) population
- 0.8% of houses and apartments in Oakwood (zip 61858), 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.