Oakwood, IL housing market
The median sale price was $235,000 in May 2026.
Home values, sales, trends and how Oakwood compares with the towns next door — updated as new data is published.
Oakwood at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
No new homes permitted in 2025
No permits for new homes were issued in Oakwood in 2025. The last year with any was 2016 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Oakwood's population fell by 270 even though 3 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 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 | — |
| 2016 | 1 | 1 | 0 | $209,000 |
| 2015 | 1 | 1 | 0 | $201,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $100,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 2 | 2 | 0 | $243,000 |
| 2003 | 2 | 2 | 0 | $150,000 |
| 2002 | 1 | 1 | 0 | $20,000 |
| 2001 | 2 | 0 | 2 | $144,000 |
| 2000 | 2 | 0 | 2 | $144,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.2 years of income
The typical Oakwood home costs about 2.2 years of the town's median household income, less than across Illinois (3.6 years).
How Oakwood ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $950
HUD's Fair Market Rent for a two-bedroom in Oakwood is $950 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oakwood pay a median of $695, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $650 · 4 bedrooms $1,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61858; Vermilion County, IL), 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.