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Green Oaks

Learn about the people, housing, costs and businesses in Green Oaks, Illinois

Median Home$589,977
Median Rent$1,969/month
Population4,155
Leading IndustriesRetail · Arts, Food & Hospitality · Professional Services18% retail
Home Value Growth⬆⬆+19.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners68% of occupied units
NotableHighly Educated35% bachelor's · 18% graduate · top 3% nationally
NotableHigh Incomes$144k/year · top 4% nationally
Green Oaks
IL

Frequently Asked Questions

What are today's mortgage rates in Green Oaks?

As of today, the 30-year fixed mortgage rate for Green Oaks is approximately 6.861% (6.866% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Green Oaks?

The median home value in Green Oaks is $590k. The median monthly rent is $1,969. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Green Oaks?

Home values in Green Oaks have increased 19.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Green Oaks?

Based on a typical all-in ownership cost of $2,457/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Green Oaks is $144k/year.

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What industries drive the economy in Green Oaks?

The largest employment sectors in Green Oaks are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.