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ZipNumbers

Illinois · Census place 55002

Oakwood village, IL

Quick answer

Oakwood village has 1,243 residents, ranking #638 of 1462 places in Illinois. Median household income is $43,894, the median home is worth $98,300 and median gross rent runs $795 a month.

Population
1,243Oakwood village residents
Median household income
$43,894Past 12 months, inflation adjusted
Median home value
$98,300Owner-occupied units
Median gross rent
$795Rent plus utilities, monthly
Median age
40.8 yrsAll residents
Homeownership rate
75.9%Owner-occupied households

What the numbers mean in Oakwood village

Housing cost measured against local earnings.

A household earning the Oakwood village median would spend about 21.7% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 26.6% of residents and 75.9% 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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