The median home in Oak Lawn, Illinois is valued at $274,047, up 4.5% year over year. Typical monthly rent is $1,757, producing a price-to-rent ratio of 13x — below the national average of 18x. Oak Lawn is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$274,047

+4.5%

Rent$1,757/mo

AFFORDABILITY

Enter your income for Oak Lawn.

Income (annual)

Down Payment

$54,809 on $274,047

Stretch — 32.7% of income

Above 28% but manageable with cuts.

PITI$2,045

P/I32.7%

Afford$235K

Gap-$40K

P&I $1,386Tax $509Ins $150

Renting $288/mo cheaper ($1,757 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Oak Lawn with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

OAK LAWN, IL