Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,049 people, 2,983 houses or apartments, and a median cost of homes of $1,045,244, Oak Brook house prices are not only among the most expensive in Illinois, Oak Brook real estate also is some of the most expensive in all of America.
Oak Brook is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Oak Brook than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak Brook. Owner-occupied housing accounts for 94.29% of Oak Brook's homes, and 65.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Oak Brook built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oak Brook built between 1940-1969 ( 28.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.35%). There's also some housing in Oak Brook built before 1939 ( 1.04%).
Oak Brook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oak Brook during the period has been just 5.70%, which is lower than 70% of US communities.
Appreciation rates are so strong in Oak Brook that despite a nationwide downturn in the housing market, Oak Brook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oak Brook appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 76.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oak Brook. Oak Brook appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Illinois, our data show that Oak Brook's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.
$1,045,244
for Illinois
for nation
2,983
$2,922 / per month