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.

Home Value$274,047

+4.5%

Rent$1,757/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Oak Lawn.

Income (annual)

Down Payment

$54,809 on $274,047

Example: $75,000 household income. Change it above to see your own.

Stretch32.7% 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$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

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.

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Oak Lawn, IL