Housing data for Oakwood, IL
Oakwood, IL has an estimated 1,380 residents and 684 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Vermilion County.
22.3% of households rent.
The median gross rent is $695 a month.
Figures last updated on .
- Residents
- 1,380 (±172)
- Housing units
- 684 (±93)
- Households that rent
- 22.3%
- Median gross rent
- $695
- Residents since 2015–2019
- −15.6%
What stands out in Oakwood
Households without a vehicle: 4.4% (±3.9 points) in Oakwood, lower than in Vermilion County (9.1%).
Average commute: 25.8 minutes (±3.5) in Oakwood, higher than in Vermilion County (20.1 minutes).
Median household income: $46,293 (±$6,046) in Oakwood, lower than in Vermilion County ($56,877).
Homes built before 1980: 61.2% (±11.5 points) in Oakwood, lower than in Vermilion County (78.5%).
Housing in Oakwood at a glance
- Median rent: $695 median gross rent a month
- Rent by bedrooms (Small sample: wide margin of error)
- Rent burden: 36.9% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 22.3% of households rent
- Income and affordability: $46,293 median household income
- Home values: $103,000 median home value
- Homeowner costs: $1,181 median monthly cost with a mortgage
- Property taxes: $1,726 median real estate taxes a year
- Types of homes: 7.5% of homes are in buildings of 5 or more units
- Bedrooms: 62.8% of homes have 3 or more bedrooms
- Age of homes: 61.2% of homes were built before 1980
- Vacancy rate: 12.8% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 54.8% heat with utility gas
- Commute and cars: 25.8 minutes average trip to work
- Crime reported to police: 317 violent crimes per 100,000 residents
- Growth: −15.6% residents since 2015–2019
- How long people stay: 22.1% moved in since 2020
- Crowding and facilities: 4.3% of homes have more than 1 person per room (Small sample: wide margin of error)
Oakwood against Vermilion County, its state and the nation
| Oakwood | Vermilion County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 1,380 (±172) | 72,386 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 684 (±93) | 34,327 (±62) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 22.3% (±7.4 points) | 29.8% (±1.9 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $695 (±$217) | $838 (±$28) | $1,274 (±$5) | $1,413 |
| Median household income | $46,293 (±$6,046) | $56,877 (±$1,806) | $83,390 (±$362) | $80,734 |
| Median home value | $103,000 (±$11,407) | $97,200 (±$3,349) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $1,726 (±$217) | $1,757 (±$82) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 61.2% (±11.5 points) | 78.5% (±2.9 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 25.8 minutes (±3.5) | 20.1 minutes (±0.8) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.3% (±5.4 points) | 87.6% (±1.4 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 42.0 years (±7.0) | 41.3 years (±0.4) | 39.0 years (±0.1) | 38.9 years |
Oakwood covers 0.9 square miles of land, about 1,487 residents per square mile (Census Bureau Gazetteer).
How Oakwood has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,636 (±226) | 1,380 (±172) | −15.6% | Not a measurable change |
| Housing units | 685 (±91) | 684 (±93) | −0.1% | Not a measurable change |
| Median gross rent | $704 (±$147) | $695 (±$217) | −1.3% | No measurable change after inflation |
| Median home value | $90,300 (±$9,059) | $103,000 (±$11,407) | +14.1% | No measurable change after inflation |
| Median household income | $56,964 (±$17,353) | $46,293 (±$6,046) | −18.7% | Down after inflation |
| Median owner cost with a mortgage | $1,045 (±$139) | $1,181 (±$99) | +13.0% | No measurable change after inflation |
| Median real estate taxes | $1,681 (±$226) | $1,726 (±$217) | +2.7% | No measurable change after inflation |
| Households that rent | 20.6% (±5.9 points) | 22.3% (±7.4 points) | +1.7 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±20.7 points) | 12.8% (±14.7 points) | +12.8 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Oakwood
In 2025, the Oakwood Police Department reported 317 violent and 1,346 property crimes per 100,000 residents to the FBI.
Across Vermilion County, the departments that report recorded 778 violent and 2,827 property crimes per 100,000 residents that year.
Places near Oakwood
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Muncie | 3.5 mi | — | $76,500 | 8.7% |
| Oakwood Township | 3.6 mi | $833 | $116,200 | 20.2% |
| Catlin Township | 4.4 mi | $899 | $138,300 | 17.5% |
| Catlin | 4.6 mi | $931 | $124,700 | 21.2% |
| Fithian | 5.2 mi | $1,039 | $118,000 | 16.0% |
| Fairmount | 5.3 mi | $783 | $87,600 | 20.6% |
| Vance Township | 7.1 mi | $783 | $146,700 | 16.7% |
| Tilton | 7.2 mi | $877 | $70,400 | 24.8% |
Places in Illinois most like Oakwood
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Ashley | $729 | $82,500 | $49,559 | 25.3% |
| Wayne City | $829 | $98,300 | $54,643 | 20.4% |
| Orel Township | $688 | $110,300 | $48,542 | 25.3% |
| Harter Township | $739 | $82,100 | $53,000 | 20.3% |
| Stronghurst Township | $798 | $104,700 | $50,938 | 27.6% |
| Flora | $745 | $77,300 | $47,148 | 23.8% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Illinois.
HUD Fair Market Rent for Oakwood, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $743 | $748 | $956 | $1,278 | $1,337 |
HUD income limits for Oakwood, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,850 | $31,400 | $50,250 |
| 2 people | $21,640 | $35,900 | $57,400 |
| 3 people | $27,320 | $40,400 | $64,600 |
| 4 people | $33,000 | $44,850 | $71,750 |
| 5 people | $38,680 | $48,450 | $77,500 |
| 6 people | $44,360 | $52,050 | $83,250 |
| 7 people | $50,040 | $55,650 | $89,000 |
| 8 people | $55,720 | $59,250 | $94,750 |
These are the limits HUD sets for its housing programs in the Vermilion County, IL, where HUD’s median family income for fiscal year 2026 is $82,900.
A program can use its own limits; tax-credit and local programs often do.
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 Oakwood
What is the average rent in Oakwood, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Oakwood is $695 (±$217) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How many renters are there in Oakwood?
Oakwood has an estimated 136 (±52) renting households, 22.3% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Oakwood?
The median household income in Oakwood is $46,293 (±$6,046) a year (2020–2024 American Community Survey).
What is the average home value in Oakwood, IL?
The Census Bureau publishes the median: $103,000 (±$11,407) for owner-occupied homes in Oakwood (2020–2024 American Community Survey).
What is the average mortgage payment in Oakwood?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Oakwood, IL is $1,181 (±$99) a month, including taxes, insurance and utilities.
How much are property taxes in Oakwood?
The median real estate tax paid by homeowners in Oakwood, IL is $1,726 (±$217) a year (2020–2024 American Community Survey).
Is Oakwood growing?
In Oakwood, the number of residents went from 1,636 in 2015–2019 to 1,380 in 2020–2024 (−15.6%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Oakwood village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Oakwood village, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Oakwood village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Oakwood village, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Oakwood village, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Oakwood village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Oakwood village, Illinois
- HUD Fair Market Rents, fiscal year 2027: Vermilion County, IL
- HUD Income Limits, fiscal year 2026: Vermilion County, IL
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Oakwood Police Department (ORI IL0921300)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Oakwood village, Illinois (place:55002, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .