In Oak Lawn, a typical home is worth $281,200 and typical rent is $1,335 a month. Compared with all of Cook County, the typical home value is 13% lower, typical rent is 7% lower, and the share of households that own their home is 25 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $235,114 to $298,866.
Typical rent
$1,717a month
▲ 4.6% more than 12 months ago
Typical rent from Zillow, December 2022 to September 2026: from $1,429 to $1,717.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Oak Lawn is in Cook County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cook County. See the county
What this place has that others do not, from public data, most unusual first.
1
83% of households in Oak Lawn own their home, against 58% in Cook County.
2
Nearby, in Worth, the typical home value is $215,000: 24% less than in Oak Lawn ($281,200).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Oak Lawn
What homes there are in Oak Lawn, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Oak Lawn
Cook County
Illinois
United States
Kind of home: Oak Lawn and its comparisons
Measure
Oak Lawn
Cook County
Illinois
United States
Detached house
67%
40%
58%
61%
Attached house
2%
6%
6%
6%
Building of 2 to 4
7%
19%
12%
8%
Apartments (5 or more)
23%
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Oak Lawn, 7 in 10 homes are single-family detached houses; in Cook County, 4.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Oak Lawn
Cook County
Illinois
United States
Year built: Oak Lawn and its comparisons
Measure
Oak Lawn
Cook County
Illinois
United States
Before 1960
35%
49%
38%
26%
1960–1979
43%
25%
26%
24%
1980–1999
17%
14%
20%
25%
2000–2009
4%
8%
11%
14%
2010 or later
Unreliable estimate
5%
6%
11%
The typical home in Oak Lawn was built in 1966, 5 years after the typical one in Cook County.
In Oak Lawn, 63% of homes have 3 bedrooms or more, more than in Cook County (49%).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K7%
$100K–$200K20%
$200K–$300K29%
$300K–$500K40%
$500K–$750K4%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Oak Lawn and its comparisons
Measure
Oak Lawn
Under $100K
7%
$100K–$200K
20%
$200K–$300K
29%
$300K–$500K
40%
$500K–$750K
4%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
About 96% of owner-occupied homes in Oak Lawn are worth less than the FHA loan limit for Cook County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99912%
$1,000–$1,49957%
$1,500–$1,99916%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Oak Lawn and its comparisons
Measure
Oak Lawn
Under $500
Unreliable estimate
$500–$999
12%
$1,000–$1,499
57%
$1,500–$1,999
16%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,000 a month
Cook County: $2,270 a month
Without a mortgage
$876 a month
Cook County: $910 a month
Owners with a mortgage
60%
Cook County: 62%
In Oak Lawn, 60% of owners have a mortgage, and their typical cost is $2,000 a month, against $2,270 in Cook County. Without one it drops to $876.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Oak Lawn+38%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Oak Lawn+25%
Cook County+28%
Illinois+26%
United States+33%
Typical household income
Oak Lawn+30%
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Oak Lawn and its comparisons
Measure
Oak Lawn
Cook County
Illinois
United States
Typical home value
+38%
+32%
+35%
+53%
Typical rent
+25%
+28%
+26%
+33%
Typical household income
+30%
+29%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Oak Lawn rose 38%; in Cook County, it rose 32%.
Since 2015–2019, the typical rent in Oak Lawn rose 25%, less than in Cook County (28%).
The typical household income in Oak Lawn rose 30% over that time; home values changed +38% and rent +25%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Oak Lawn and its comparisons
Measure
Oak Lawn
Cook County
Illinois
United States
Rental vacancy
Unreliable estimate
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
2.6%
3.3%
2.5%
3.4%
People per household
2.61
2.43
2.46
2.53
Drive alone
76%
55%
66%
69%
Carpool
6%
8%
8%
9%
Public transit
4%
12%
6%
3%
Walk or bike
2%
5%
3%
3%
Work from home
11%
19%
16%
15%
Other means
1%
2%
1%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
In Oak Lawn, 2.6% of households live with more than one person per room, about the same as in Cook County.
More people live in each home here: 2.61 on average, against 2.43 in Cook County.
To get to work, 76% of workers in Oak Lawn drive alone; in Cook County, 55%.
Do the math
What would you pay each month for a home in Oak Lawn?
A typical home costs more than the typical income allows
We start with a typical home in Oak Lawn, worth $281,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Oak Lawn, which is $83,911 a year. For that payment to be 28% of income, a household would need to earn about $112,507 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Oak Lawn. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $9,842 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,625
at 7.18% · 30 years
Loan amount
$276,107
Total interest
$397,253
Paid off in
November 2056
Includes $4,749 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,958 a month
Tight
$1,958 to $2,517 a month
Hard
more than $2,517 a month
Your payment · 38%
Compared with the typical household income in Oak Lawn ($83,911 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,870
Property tax
$513
Home insurance
$117
FHA mortgage insurance (MIP)
$124
You need at least $9,842 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,625; principal and interest $1,870.
The city and its county
Oak Lawn and Cook County
Oak Lawn is in Cook County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Oak Lawn
Map of Cook County, Illinois, with Oak Lawn marked. Around it, the neighboring counties.
Oak Lawn
Cook County
Other cities with a page
Oak Lawn's own numbers
Typical home value
$281,200
Typical monthly rent
$1,335
Typical yearly household income
$83,911
Households that own their home
83%
Effective property tax rate
2.19%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cook County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cook County.
A typical home in Oak Lawn is worth $281,200: 13% below the county and 7% above Illinois. With the typical household income in Oak Lawn ($83,911 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Oak Lawn3.4 years
Cook3.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cook County
According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cook County.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.5%
+5.7%
+2.9%
5 years (2020–2025)
+42%
+47%
+47%
10 years (2015–2025)
+61%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Oak Lawn next to Cook County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Oak Lawn$281,200
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Oak Lawn$1,335
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Oak Lawn$83,911
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Oak Lawn next to Cook County and Illinois
Measure
Oak Lawn
Cook County
Illinois
U.S.
Typical home value
$281,200 ▼13% below the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,335 ▼7% below the county
$1,435
$1,274
$1,413
Typical yearly household income
$83,911
$83,498
$83,390
$80,734
Households that own their home
83% ▲25 points above the county
58%
67%
65%
Typical yearly property tax
$6,160
$6,191
$5,298
$3,119
Effective property tax rate
2.19% ▲0.28 points above the county
1.91%
2.01%
0.94%
Renters with high rent for their income
49%
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Oak Lawn
For a typical $281,200 home in Oak Lawn, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Oak Lawn's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,625a month
Least cash to close
Down payment
$9,842
Cash to close
$18,278
Rate
7.18%
Mortgage insurance
FHA MIP · $124
Conventional, 5% down$2,574a month
Down payment
$14,060
Cash to close
$22,496
Rate
7.18%
Mortgage insurance
PMI · $134
Conventional, 20% down, no PMI$2,154a month
Down payment
$56,240
Cash to close
$64,676
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,414a month
Down payment
$42,180
Cash to close
$50,616
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Oak Lawn
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,625
$9,842
$276,107
7.18%
FHA MIP · $124
$18,278
580
Conventional, 5% down
$2,574
$14,060
$267,140
7.18%
PMI · $134
$22,496
620*
Conventional, 20% down, no PMI
$2,154
$56,240
$224,960
7.18%
None
$64,676
620*
ITIN, 15% down (example)
$2,414
$42,180
$239,020
8.18%
None
$50,616
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Oak Lawn is $1,335 a month: 7% below the county. In Oak Lawn, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cook County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Oak Lawn or Cook County. The ones below are statewide in Illinois: they work in Oak Lawn the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Oak Lawn or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Oak Lawn and all of Cook County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Oak Lawn?
The typical home value in Oak Lawn is $281,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.
How much does it cost to rent in Oak Lawn?
Typical rent in Oak Lawn is $1,335 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.
What is the FHA loan limit in Oak Lawn?
Oak Lawn uses the FHA limit for all of Cook County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Oak Lawn?
The typical homeowner in Oak Lawn pays $6,160 a year, according to the U.S. Census Bureau. That is 2.19% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Oak Lawn?
There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
