Median price for residential apartments in Oak Run, IL as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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Oak Run, IL 61428, USA apartments for sale
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Oak Run
According to statistics, the population in Oak Run, IL amounts to 524, which shows decline -1% compared to the previous year. The median age of the city’s residents is 58. The average household income is $73,750, shifting growth 14% from the past year, and the average property value in Oak Run, IL growth 2% to $236,500 throughout the year.
| Population | 524 |
| Median Age | 58.2 |
| Poverty Rate | 15% |
| Household Income | $73,750 |
| Number Of Employees | 213 |
| Median Property Value | $236,500 |
Household Income
The average household income in Oak Run, IL grew from $64,625 to $73,750 in the past year. This data is an estimate based upon 243 households in Oak Run, IL . The chart below presents how household income is distributed in Oak Run, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Oak Run, IL shifted from $232,000 to $236,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Oak Run, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Oak Run, IL properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Oak Run, IL compared to median property taxes around the country. The prevalent amount of property taxes in Oak Run, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Oak Run, IL 61428, USA
Average apartment sale in Oak Run: $80,835 (+7.9%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $39,919 | -46.7% |
| 4+ bed apartments | $490,000 | N/A |
During Jan 2023, the average price for an apartment in/near Oak Run, IL increased by 7.9% to $80,835.
Knowing the current property prices is key if you plan to buy a studio in Oak Run, IL. The average price for a studio has decreased since the last month, currently being $39,919. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $490,000 for a big-family home.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $39,919 | -46.7% |
| Houses for sale | $490,000 | N/A |
According to statistics, average house is still $490,000 with no significant changes this month. The average price of the land for sale in Oak Run, IL has decreased by 46.7%, and now equals $39,919.
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