A typical Okaw home is worth roughly $135,000
What kind of housing town is Okaw?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.8 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Okaw home, with $122K to spare.
A two-bedroom rents for about $960 a month here, $40 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Okaw’s typical property tax (1.87% 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 Okaw households own their home
Half of Okaw’s homes were built before 1970.
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 $960
Renters already here pay a median of $1,060.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Shelby County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Okaw vs. its neighbors
Okaw is the 2nd least expensive of 4 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 |
|---|---|---|---|---|---|
| Okaw | $135K* | — | $960 | — | $75,357 |
| Shelbyville | $154K | +4.3% | $920 | — | $54,423 |
| Windsor | $156K | +5% | $920 | — | $69,722 |
| Ridge | — | −1.5%† | $930 | — | $111,364 |
| Shelbyville | $116K* | −1.5%† | $920 | 1 | $52,470 |
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 Okaw 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.