What is the rental vacancy rate in Oak Lawn, IL?
The rental vacancy rate in Oak Lawn, IL is 4.1% (±3.2 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.1% (±0.8 points).
1,175 (±311) homes, 5.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Oak Lawn, the rental vacancy rate went from 8.0% in 2015–2019 to 4.1% in 2020–2024 (−3.9 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 4.1% (±3.2 points)
- Homeowner vacancy rate
- 1.1% (±0.8 points)
- Vacant homes
- 1,175 (±311)
Vacancy in Oak Lawn against Cook County, its state and the nation
| Oak Lawn | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 4.1% (±3.2 points) | 4.5% (±0.2 points) | 5.0% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.1% (±0.8 points) | 1.1% (±0.1 points) | 1.0% (±0.1 points) | 0.9% |
| Vacant housing units | 1,175 (±311) | 176,263 (±3,778) | 421,003 (±7,877) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Oak Lawn, the rental vacancy rate is not measurably different from Cook County (4.5%).
It is not measurably different from Illinois (5.0%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Oak Lawn
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Oak Lawn | — | 4.1% (±3.2 points) | — |
| Chicago Ridge | 1.6 mi | 3.3% (±3.8 points) | Not measurably different |
| Hometown | 1.6 mi | 0.0% (±7.9 points) | Not measurably different |
| Worth Township (Cook County) | 1.7 mi | 3.2% (±1.5 points) | Not measurably different |
| Burbank | 2.3 mi | 2.3% (±3.7 points) | Not measurably different |
| Evergreen Park | 2.7 mi | 3.9% (±6.2 points) | Not measurably different |
| Worth | 2.7 mi | 3.0% (±3.4 points) | Not measurably different |
| Alsip | 3.1 mi | 0.0% (±1.3 points) | Lower |
| Bridgeview | 3.3 mi | 2.3% (±2.0 points) | Not measurably different |
Nearby places with a measurably lower figure: Alsip, IL (0.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Cook County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 47 (tie) | Elk Grove Township | 4.4% (±1.9 points) |
| 49 (tie) | Elmwood Park | 4.3% (±3.7 points) |
| 49 (tie) | Evanston | 4.3% (±1.8 points) |
| 49 (tie) | Franklin Park | 4.3% (±3.7 points) |
| 49 (tie) | Glenview | 4.3% (±3.5 points) |
| 49 (tie) | South Chicago Heights | 4.3% (±7.5 points) |
| 54 | Oak Lawn | 4.1% (±3.2 points) |
| 55 (tie) | Brookfield | 4.0% (±3.5 points) |
| 55 (tie) | Forest Park | 4.0% (±3.4 points) |
| 55 (tie) | Bloom Township | 4.0% (±2.1 points) |
| 58 (tie) | Evergreen Park | 3.9% (±6.2 points) |
| 58 (tie) | Park Forest | 3.9% (±3.5 points) |
| 58 (tie) | Niles Township | 3.9% (±2.1 points) |
Showing 13 of 148 places in Cook County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Oak Lawn
Is it hard to find a rental in Oak Lawn?
The rental vacancy rate in Oak Lawn, IL is 4.1% (±3.2 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Oak Lawn tighter than it was?
In Oak Lawn, the rental vacancy rate went from 8.0% in 2015–2019 to 4.1% in 2020–2024 (−3.9 percentage points), not a measurable change.
How many homes are vacant in Oak Lawn?
An estimated 1,175 (±311) housing units, 5.2% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Oak Lawn village, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Oak Lawn village, Illinois
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Oak Lawn village, Illinois (place:54820, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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