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Oak Brook

Learn about the people, housing, costs and businesses in Oak Brook, Illinois

Median Home$737,473
Median Rent$1,599/month
Population7,772
Leading IndustriesArts, Food & Hospitality · Education · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆+17.5% over 2 years
Retirees40% of residentstop 2% nationally
Homeowners71% of occupied units
NotableAmenity Score87/100 · highly walkable area
NotableHighly Educated32% bachelor's · 15% graduate · top 6% nationally
Oak Brook
IL

Frequently Asked Questions

What are today's mortgage rates in Oak Brook?

As of today, the 30-year fixed mortgage rate for Oak Brook is approximately 6.599% (6.602% 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 Oak Brook?

The median home value in Oak Brook is $737k. The median monthly rent is $1,599. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oak Brook?

Home values in Oak Brook have increased 17.5% 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 Oak Brook?

Based on a typical all-in ownership cost of $1,934/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oak Brook is $117k/year.

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What industries drive the economy in Oak Brook?

The largest employment sectors in Oak Brook are public administration (28%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.