Land and home values in Oak Forest, IL
Oak Forest is a city in Cook County, Illinois, home to about 26,805 people. Residential land runs about $7.93 per sq ft, the typical home is worth about $300,000, and a 2-bedroom rents for about $1,670 a month, as of October 12, 2026.
Open on the satellite mapAsk us on WhatsAppValues in Oak Forest
| Land: residential | $7.93 | per sq ft |
| Land: residential | $345,649 | per acre |
| Land: quarter-acre lot | $86,412 | 10,890 sq ft |
| Home: typical (median) | $300,000 | value |
| Home: entry-level | $205,000 | lower quartile |
| Home: upper-end | $359,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,490 | per month |
| Rent: 2-bedroom | $1,670 | per month |
| Rent: 3-bedroom | $2,150 | per month |
| Rent: 4-bedroom | $2,490 | per month |
| Gross yield, 2-bed | 6.7% | a year |
ZIP codes
Questions people ask
How much is land worth in Oak Forest, IL?
Residential land in Oak Forest, IL is about $7.93 per square foot, or $345,649 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $86,412. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Oak Forest, IL?
The typical (median) home in Oak Forest, IL is worth about $300,000, with entry-level homes around $205,000 and upper-end homes around $359,000, as of October 2026.
How much is rent in Oak Forest, IL?
A 2-bedroom rents for about $1,670 a month in Oak Forest, IL, a 1-bedroom about $1,490 and a 3-bedroom about $2,150 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.