Foreclosure Homes in Oak Forest, IL 60452

Current Market Conditions in Oak Forest, IL

The Oak Forest real estate market has shown steady growth over the past year, with a mixture of single-family homes, townhouses, and condos available. There is a demand for affordable homes in this suburban area, which makes it attractive for first-time buyers and families looking to settle down. With a relatively low inventory of homes, sellers are often receiving competitive offers, indicating a strong market overall.

Rent Prices In Oak Forest, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oak Forest, IL, is on a rollercoaster ride. The average rent price in Oak Forest, IL, is $1,718.00. Indeed, when looking to rent in Oak Forest, IL, you can expect to pay as little as $920.00 or as much as $2,890.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Oak Forest, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.