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Oakwood, IL Home Values and Rents
The typical home value in Oakwood is $169,202, 570th highest of 696 cities and towns in Illinois. Median rent is $695 a month.
- Typical home value
- $169,202
- 570th of 696 in IL
- Median rent
- $695/mo
- ACS 2020-2024
- Price change, 1 year
- +8.0%
- Sep 2026
- Homeownership
- 77.7%
- IL: 67.1%
Typical home value in Oakwood
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Oakwood |
|---|---|
| Sep 2026 | $169,202 |
| Dec 2025 | $162,837 |
| Dec 2024 | $151,825 |
| Dec 2023 | $146,676 |
| Dec 2022 | $135,468 |
| Dec 2021 | $128,171 |
| Dec 2020 | $121,388 |
| Dec 2019 | $113,387 |
| Dec 2018 | $109,271 |
| Dec 2017 | $108,163 |
| Dec 2016 | $106,890 |
| Dec 2015 | $104,928 |
| Dec 2014 | $101,450 |
| Dec 2013 | $97,847 |
| Dec 2012 | $91,160 |
Over five years, Oakwood prices changed +33.1%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Vermilion County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $743 | +10.6% |
| 1 bedroom | $748 | +0.8% |
| 2 bedrooms | $956 | -1.8% |
| 3 bedrooms | $1,278 | +8.4% |
| 4 bedrooms | $1,337 | +2.4% |
Frequently asked questions
- What is the typical home value in Oakwood, IL?
- The typical home value in Oakwood is $169,202 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Oakwood?
- The median rent in Oakwood is $695 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $956.
- Are home prices going up in Oakwood?
- The typical home value in Oakwood changed +8.0% over one year and +33.1% over five years, as of Sep 2026.
- How does Oakwood compare with the rest of Illinois?
- Oakwood has the 570th highest median home value of 696 cities and towns with 1,000+ residents in Illinois.