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Oak Lawn, Illinois

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 72/100, supply score 90, homes go under contract 24.8% faster than the US median, at 72% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $84K, +1.7% YoY (ZIP); renters hold 17.5% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +8.7% YoY. inventory, −2.8% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $302,450 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

2 ZIPs in this city:60453 60454

Market Hotness

72 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−24.8%

homes sell faster here

72%

of national median · below avg

Median Listing Price

$302K

Population

56,861

21,618

Median Days on Market

Active Listings

134

New Listings

Housing Market

The median listing price is up 8.7% YoY while the median home got up 0.1% bigger, so value per square foot is up 4.8%.

Pricing

Median Listing Price

$302K+8.7% YoY

Average Listing Price

$298K+0.4% YoY

Price per Sq Ft

$198+4.8% YoY

Median Sq Ft

1,287+0.1% YoY

Inventory

Active Listings

134-2.9% YoY

New Listings

64-5.9% YoY

Total Listings

206-2.8% YoY

Buyer Competition

Pending Listings

72-6.5% YoY

Pending Ratio

0.54-3.4% YoY

Median Days on Market

36+5.9% YoY

Price Reduced

18.8%+30.5% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 2,276,493

2.3Munits

Occupied2,100,23092.3%

Vacant176,2637.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 2,100,230

2.1Moccupied

Owner1,212,57057.7%

Renter887,66042.3%

Renter Share

42.3%-0.5% YoY

Total Housing Units

2,276,493+0.3% YoY

FY2026 Fair Market Rent

CountyCook County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,480

/month

1 BR

$1,581

/month

2 BR

$1,781

/month

3 BR

$2,294

/month

4 BR

$2,653

/month

FMR trends · Cook County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 17.5% of this ZIP's 21,618 occupied households, on a median household income of $84K.

Population & Age

Total Population

56,861-0.4% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 56,861

57Kresidents

Under 1813,27223.3%

Adults 18–6432,95658.0%

65 & Over10,63318.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

40.300.0% YoY

Population Under 18

13,272+2.0% YoY

Population 65 & Over

10,6330.0% YoY

Households & Mobility

Total Households

21,618-0.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.610.0% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house93.8%

Moved (within US)5.8%

Other0.4%

Veterans

3.4%-2.9% YoY

Income & Poverty

Median Household Income

$84K+1.7% YoY

Per-Capita Income

$42K+4.5% YoY

Mean Household Income

$110K+5.0% YoY

Below Poverty Level

9.6%+4.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.5%

Public transit4.2%

Worked from home10.8%

Other9.5%

Worked From Home

10.8%+8.0% YoY

Mean Commute

30.80-1.0% YoY

Units & Tenure

Total Housing Units

22,793-1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 22,793

23Kunits

Occupied21,61894.8%

Vacant1,1755.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 21,618

22Khouseholds

Owner17,83882.5%

Renter3,78017.5%

Avg Household Size — Owner

2.63+0.4% YoY

Avg Household Size — Renter

2.53+0.4% YoY

County Demographics

County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.

Median Age

38.02024

Population

Cook County Population

5,182,617+0.8% YoY

Households

Total Households

2,100,230+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.43-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 5,182,090

5.2Mresidents

Under 181,092,20221.1%

Adults 18–643,262,73263.0%

65 & Over827,15616.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,092,202-1.7% YoY

Population 65 & Over

827,156+2.6% YoY

Median Age

38.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.4%

Moved (within US)10.8%

Other0.8%

Veterans

3.2%-3.0% YoY

County Economy

County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.

Income

Median Household Income

$83K+2.1% YoY

Per-Capita Income

$49K+3.2% YoY

Mean Household Income

$121K+2.6% YoY

Poverty

Below Poverty Level

13.5%+1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone54.8%

Public transit11.8%

Worked from home18.9%

Other14.5%

Worked From Home

18.9%+14.5% YoY

Mean Commute

31.50-1.3% YoY

Done with Oak Lawn? Put it next to another market.

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Oak Lawn, Illinois

Realtor Sep 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 72/100, supply score 90, homes go under contract 24.8% faster than the US median, at 72% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $84K, +1.7% YoY (ZIP); renters hold 17.5% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +8.7% YoY. inventory, −2.8% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

2 ZIPs in this city:60453 60454

Market Hotness

72 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−24.8%

homes sell faster here

72%

of national median · below avg

Median Listing Price

$302K

Population

56,861

21,618

Median Days on Market

Active Listings

134

New Listings

Housing Market

The median listing price is up 8.7% YoY while the median home got up 0.1% bigger, so value per square foot is up 4.8%.

Pricing

Median Listing Price

$302K+8.7% YoY

Average Listing Price

$298K+0.4% YoY

Price per Sq Ft

$198+4.8% YoY

Median Sq Ft

1,287+0.1% YoY

Inventory

Active Listings

134-2.9% YoY

New Listings

64-5.9% YoY

Total Listings

206-2.8% YoY

Buyer Competition

Pending Listings

72-6.5% YoY

Pending Ratio

0.54-3.4% YoY

Median Days on Market

36+5.9% YoY

Price Reduced

18.8%+30.5% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 2,276,493

2.3Munits

Occupied2,100,23092.3%

Vacant176,2637.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 2,100,230

2.1Moccupied

Owner1,212,57057.7%

Renter887,66042.3%

Renter Share

42.3%-0.5% YoY

Total Housing Units

2,276,493+0.3% YoY

FY2026 Fair Market Rent

CountyCook County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,480

/month

1 BR

$1,581

/month

2 BR

$1,781

/month

3 BR

$2,294

/month

4 BR

$2,653

/month

FMR trends · Cook County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 17.5% of this ZIP's 21,618 occupied households, on a median household income of $84K.

Population & Age

Total Population

56,861-0.4% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 56,861

57Kresidents

Under 1813,27223.3%

Adults 18–6432,95658.0%

65 & Over10,63318.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

40.300.0% YoY

Population Under 18

13,272+2.0% YoY

Population 65 & Over

10,6330.0% YoY

Households & Mobility

Total Households

21,618-0.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.610.0% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house93.8%

Moved (within US)5.8%

Other0.4%

Veterans

3.4%-2.9% YoY

Income & Poverty

Median Household Income

$84K+1.7% YoY

Per-Capita Income

$42K+4.5% YoY

Mean Household Income

$110K+5.0% YoY

Below Poverty Level

9.6%+4.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.5%

Public transit4.2%

Worked from home10.8%

Other9.5%

Worked From Home

10.8%+8.0% YoY

Mean Commute

30.80-1.0% YoY

Units & Tenure

Total Housing Units

22,793-1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 22,793

23Kunits

Occupied21,61894.8%

Vacant1,1755.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 21,618

22Khouseholds

Owner17,83882.5%

Renter3,78017.5%

Avg Household Size — Owner

2.63+0.4% YoY

Avg Household Size — Renter

2.53+0.4% YoY

County Demographics

County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.

Median Age

38.02024

Population

Cook County Population

5,182,617+0.8% YoY

Households

Total Households

2,100,230+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.43-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 5,182,090

5.2Mresidents

Under 181,092,20221.1%

Adults 18–643,262,73263.0%

65 & Over827,15616.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,092,202-1.7% YoY

Population 65 & Over

827,156+2.6% YoY

Median Age

38.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.4%

Moved (within US)10.8%

Other0.8%

Veterans

3.2%-3.0% YoY

County Economy

County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.

Income

Median Household Income

$83K+2.1% YoY

Per-Capita Income

$49K+3.2% YoY

Mean Household Income

$121K+2.6% YoY

Poverty

Below Poverty Level

13.5%+1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone54.8%

Public transit11.8%

Worked from home18.9%

Other14.5%

Worked From Home

18.9%+14.5% YoY

Mean Commute

31.50-1.3% YoY

Done with Oak Lawn? Put it next to another market.