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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 Type2.10%
One Bedroom8.10%
Two Bedrooms19.90%
Three Bedrooms50.30%
Four Bedrooms17.60%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.01
Median year structure was built1971
Median Value of occupied units$149,200
Median Price asked for vacant units$142,000

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1973
Median Monthly Rent asked for vacant units$578

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.60%
Home Equity Loan11.20%
Simple Mortgage58.30%
Debt Free22.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20%