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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 2,164, 1,050 total housing units (homes and apartments), and a median house value of $278,064, Oakbrook Terrace real estate is some of the most expensive in Illinois, although Oakbrook Terrace home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Oakbrook Terrace, accounting for 50.95% of the city's housing units. Other types of housing that are prevalent in Oakbrook Terrace include single-family detached homes ( 45.34%), row houses and other attached homes ( 2.93%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Oakbrook Terrace primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Oakbrook Terrace has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Oakbrook Terrace 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 Oakbrook Terrace built between 1940-1969 ( 34.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.05%).
Homes have actually lost value in Oakbrook Terrace over the last then years, as home values have seen a decline of 27.47% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Oakbrook Terrace home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.
Over the last year, Oakbrook Terrace appreciation rates have trailed the rest of the nation. In the last twelve months, Oakbrook Terrace's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oakbrook Terrace were at 0.43%, which equates to an annual appreciation rate of 1.74%.
Relative to Illinois, our data show that Oakbrook Terrace's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.
|$834,001 - $1,112,000||0.6|
|$556,001 - $834,000||3.7|
|$444,001 - $556,000||6.3|
|$334,001 - $444,000||9.3|
|$223,001 - $334,000||27.2|
|$111,001 - $223,000||33.2|
|$56,001 - $111,000||15.9|
|$0 - $56,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Oakbrook Terrace HOMES|
|2000 or Newer||4.1|
|1970 - 1999||60.9|
|1940 - 1969||34.6|
|1939 or Older||0.4|
|TYPE OF Oakbrook Terrace HOMES|
|Small Apt. Buildings||0.8|
|SIZE OF Oakbrook Terrace HOMES|
|5 or more bedrooms||1.29|