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Oakwood Community Unit School District 76

Learn about the people, housing, costs and businesses in Oakwood Community Unit School District 76, Illinois

Median Home$182,956
Median Rent$930/month
Population42,782
Leading IndustriesRetail · Manufacturing · Education17% retail
Home Value Growth+9.7% over 2 years
Young Adults28% of residentsnear the national average
Homeowners79% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Oakwood Community Unit School District 76
IL

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Frequently Asked Questions

What are today's mortgage rates in Oakwood Community Unit School District 76?

As of today, the 30-year fixed mortgage rate for Oakwood Community Unit School District 76 is approximately 6.977% (6.989% 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 Oakwood Community Unit School District 76
What is the median home price in Oakwood Community Unit School District 76?

The median home value in Oakwood Community Unit School District 76 is $183k. The median monthly rent is $930. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oakwood Community Unit School District 76?

Home values in Oakwood Community Unit School District 76 have increased 9.7% over the past two years. This represents moderate growth. 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 Oakwood Community Unit School District 76?

Based on a typical all-in ownership cost of $899/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oakwood Community Unit School District 76 is $66k/year.

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What industries drive the economy in Oakwood Community Unit School District 76?

The largest employment sectors in Oakwood Community Unit School District 76 are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.