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ZipNumbers

Illinois · Census place 55041

Oakwood Hills village, IL

Quick answer

Oakwood Hills village has 2,454 residents, ranking #468 of 1462 places in Illinois. Median household income is $113,125, the median home is worth $273,200 and median gross rent runs $1,667 a month.

Population
2,454Oakwood Hills village residents
Median household income
$113,125Past 12 months, inflation adjusted
Median home value
$273,200Owner-occupied units
Median gross rent
$1,667Rent plus utilities, monthly
Median age
40.1 yrsAll residents
Homeownership rate
91.9%Owner-occupied households

What the numbers mean in Oakwood Hills village

Housing cost measured against local earnings.

A household earning the Oakwood Hills village median would spend about 17.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.1% of residents and 91.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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