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Oak Lawn village, IL

ZIP 60453 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60453

Median Home Value
$267,900
Median Rent
$1,192
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,721/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60453 in Oak Lawn village, IL, a household would need roughly $74,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,721. That sits below the local median household income ($82,493), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
82.5%+26% vs US avg
x
Vacancy Rate
5.9%-42% vs US avg
x
Broadband Access
88.2%+1% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
25.1%-50% vs US avg
x
Mortgage-Free
39.4%+3% vs US avg
x
$267,900
Home Value
$1,192
Rent
1967
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.6%
  • 1-unit attached1.8%
  • 2-9 units15.0%
  • 10+ units14.8%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$267,900
Median rent$1,192
Owner-occupied82.5%
Vacant5.9%
Price-to-income3.2x
Est. income to buy$74,000