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Oak Lawn Community High School District 229

Learn about the people, housing, costs and businesses in Oak Lawn Community High School District 229, Illinois

Median Home$248,858
Median Rent$1,297/month
Population39,976
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth⬆⬆+12.7% over 2 years
Family-Friendly24% of residentsabove average nationally
Homeowners82% of occupied units
Oak Lawn Community High School District 229
IL

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Frequently Asked Questions

What are today's mortgage rates in Oak Lawn Community High School District 229?

As of today, the 30-year fixed mortgage rate for Oak Lawn Community High School District 229 is approximately 7.034% (7.044% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Oak Lawn Community High School District 229
What is the median home price in Oak Lawn Community High School District 229?

The median home value in Oak Lawn Community High School District 229 is $249k. The median monthly rent is $1,297. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oak Lawn Community High School District 229?

Home values in Oak Lawn Community High School District 229 have increased 12.7% 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 Lawn Community High School District 229?

Based on a typical all-in ownership cost of $1,365/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oak Lawn Community High School District 229 is $82k/year.

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What industries drive the economy in Oak Lawn Community High School District 229?

The largest employment sectors in Oak Lawn Community High School District 229 are public administration (19%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.