Oak Lawn, IL Community Information

Oak Lawn, IL Homes for Sale

Oak Lawn, IL Community Information

Population

52,863

Median Age

42.5

Median Household Income

$65,724

Households with Children

37.07%

Median Travel Time to Work

32 minutes

Oak Lawn, IL Real Estate Market Information

Homes Owned

81.43%

Homes Rented

16.66%

Homes Vacant

1.91%

Oak Lawn, IL Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

See Oak Lawn apartments for rent

Powered by Apartments.com & HomeFinder.com

Oak Lawn, IL School Information

Elementary Schools

Primary Schools

Middle Schools

Secondary Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 52,863
  • Total Male Population 25,022
  • Total Female Population 27,841
  • Population change since 2000 -4.25%
  • Median age 42.5
  • Percent of households with children 37.07%
  • Personal Crime risk 41

Transportation

  • Median travel time to work 32 minutes
  • Percent using Public transportation 8.28%
  • Percent Driving/Using Carpool 86.72
  • Percent Using Other transportation 2.34%
  • Percent Working From Home 2.66%

Education Levels

  • Some high school 13.17%
  • High school graduate 35.35%
  • Some college 21.78%
  • Associate degree 6.86%
  • Bachelor's degree 15.47%
  • Graduate degree 7.37%

Occupation

  • Agriculture, forestry, and fishing 0.05%
  • Construction 8.24%
  • Manufacturing 10.13%
  • Wholesale Trade 3.78%
  • Retail Trade 10.45%
  • Finance, insurance and real estate 9.88%
  • Services 6.06%
  • Public administration 2.88%
  • Information 2.29%
  • Professional 10.27%
  • Education 21.97%
  • Arts 5.89%

Income

  • Average household income $79,364
  • Income change since 2000 26.34%

Climate

  • Avg. January high/low temp 31.44 / 16.50
  • Avg. July high/low temp 84.52 / 64.83
  • Annual precipitation 38.23
© 2013 HomeFinder.com, LLC Equal Housing Opportunity