A typical Oakley home is worth roughly $232,000
What kind of housing town is Oakley?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.1 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Oakley home, with $162K to spare.
A two-bedroom rents for about $1,280 a month here, $270 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Oakley’s typical property tax (1.75% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
91% of Oakley households own their home
Half of Oakley’s homes were built before 1983.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,280
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Decatur, IL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Oakley vs. its neighbors
Oakley is the 2nd priciest of 7 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Oakley | $232K* | — | $1,280 | — | $112,563 |
| Whitmore | $123K* | +2.5%† | $1,200 | — | $76,607 |
| Decatur | $100K* | +5%† | $1,110 | 3 | $51,592 |
| Long Creek | $190K | +4.9% | $1,210 | — | $85,279 |
| Decatur | $107K | +4.9% | $1,100 | — | $48,870 |
| Cerro Gordo | $147K | −8.3% | $1,050 | — | $86,193 |
| Willow Branch | $300K* | — | $1,110 | — | $88,929 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Oakley buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.