Oak Grove, IL housing market
Home prices around Oak Grove have risen about 40% over the past 5 years. Builders were permitted 5 new homes in 2025.
Home values, sales, trends and how Oak Grove compares with the towns next door — updated as new data is published.
Home prices up 40% in 5 years
The federal house price index for the ZIP code around Oak Grove rose 40% over the past 5 years, slower than across Illinois (47%). Last year prices fell 2.9%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | −2.9% | +105% | +96% |
| 2024 | +17% | +111% | +85% |
| 2023 | +4% | +79% | +73% |
| 2022 | +10% | +73% | +61% |
| 2021 | +7.4% | +57% | +44% |
| 2020 | +0.1% | +46% | +33% |
| 2019 | +1.9% | +46% | +32% |
| 2018 | +5.1% | +43% | +28% |
| 2017 | −0.6% | +36% | +25% |
| 2016 | +2.3% | +37% | +22% |
| 2015 | +0.1% | +34% | +19% |
| 2014 | +2.7% | +34% | +15% |
| 2013 | +1.9% | +30% | +11% |
| 2012 | −2.1% | +28% | +11% |
| 2011 | +1.1% | +30% | +14% |
| 2010 | −2.6% | +29% | +21% |
| 2009 | +1% | +32% | +29% |
| 2008 | +2.2% | +31% | +40% |
| 2007 | +1.3% | +28% | +45% |
| 2006 | +0.7% | +27% | +43% |
| 2005 | +9.1% | +26% | +35% |
| 2004 | +2.1% | +15% | +24% |
| 2003 | +4% | +13% | +15% |
| 2002 | +1.5% | +8.5% | +11% |
| 2001 | +6.9% | +6.9% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 61264, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
5 new homes permitted in 2025
Builders were permitted 5 new homes in Oak Grove in 2025, all single-family houses, worth about $2.8 million to build. Over the past 9 years, Oak Grove has permitted 10 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $2.2 million |
| 2025 | 5 | 5 | 0 | $2.8 million |
| 2024 | 5 | 5 | 0 | $2.8 million |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $750,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Oak Grove's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Oak Grove and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Oak Grove | — | −2.9%† | $1,250 | 5 | $40,972 |
| Coyne Center | $186K | +5.4% | $1,250 | — | $115,156 |
| Milan | $198K | +7% | $1,250 | 12 | $62,597 |
| Blackhawk | — | −0.8%† | $1,240 | — | $65,414 |
| Bowling | — | −2.3%† | $1,250 | — | $101,350 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,250
HUD's Fair Market Rent for a two-bedroom in Oak Grove is $1,250 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oak Grove pay a median of $1,036, so moving in tends to cost more than staying put.
Studio $890 · 4 bedrooms $1,990
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61264; Davenport-Moline-Rock Island, IA-IL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.