Oak Brook, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Oak Brook Neighborhoods Since 2000




Oak Brook, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oak Brook Housing Market Information

With a population of 8,091, 3,052 total housing units (homes and apartments), and a median house value of $872,855, Oak Brook house prices are not only among the most expensive in Illinois, Oak Brook real estate also is some of the most expensive in all of America.

Oak Brook is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Oak Brook than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak Brook. Owner-occupied housing accounts for 91.43% of Oak Brook's homes, and 61.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oak Brook built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oak Brook built between 1940-1969 ( 23.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.08%). There's also some housing in Oak Brook built before 1939 ( 1.91%).

Oak Brook Home Appreciation Rates

Real estate appreciation rates in Oak Brook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

NeighborhoodScout's data show that during the latest twelve months, Oak Brook's appreciation rate, at 3.93%, has been at or slightly above the national average. In the latest quarter, Oak Brook's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Oak Brook's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$872,855

Oak Brook, IL HOME PRICES

Value Range
> $1,157,000 24.6
$868,001 - $1,157,000 11.1
$578,001 - $868,000 19.4
$463,001 - $578,000 11.3
$347,001 - $463,000 8.8
$232,001 - $347,000 14.5
$115,001 - $232,000 7.4
$58,001 - $115,000 0.9
$0 - $58,000 2.0

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
1.54107582327435 0.632911392405063

Number Of Homes And Apartments:
3,052

Oak Brook Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.42% 2.11% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,558 / per month

Homeownership Rate

Homeownership
Owners 91.43
Renters 8.57
Vacant 5.92

Housing Market Details

 

Age of Homes

AGE OF Oak Brook HOMES
2000 or Newer 8.1
1970 - 1999 66.8
1940 - 1969 23.2
1939 or Older 1.9

Types of Homes

TYPE OF Oak Brook HOMES
Single-Family 85.8
Townhomes 6.6
Small Apt. Buildings 0.0
Apt. Complexes 7.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oak Brook HOMES
No Bedroom 0.00
1 Bedroom 0.83
2 Bedrooms 13.41
3 Bedrooms 25.28
4 Bedrooms 36.10
5 or more bedrooms 24.38