Oak Lawn First-Time Homebuyer Report for October

Oak Lawn is a city that is growing slightly faster than others in Illinois at a 10-year growth rate of 1.7%. It also has a larger than average population of 56,690 people. Oak Lawn is made up of homes that are considered older than most with a median of 43 years. The top schools in the city are Kolmar Avenue Elementary School and Oak Lawn-Hometown Middle School.

Price Range

Oak Lawn has some of the more expensive homes in the state with a median home value of $148,900 and a current average list price of $188,501.

Curious as to which homes have been getting the most attention in Oak Lawn? These listings have stirred up interest and produced the most views:

$385K   $264K   $259K  

Typical Dwelling

A three-bedroom detached home valued around $199,028 is considered a typical dwelling in Oak Lawn. If a buyer was looking for a similar home, they would need good credit and a $39,806 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $874 and the property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Oak Lawn homes for sale or reviewing Oak Lawn real estate trends.


Data reported through 10/13/2016

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Keller Williams Realty
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