Oakland, IL

Oakland is a small town located in Cook County, Illinois. The population was 10,859 at the 2010 census. It is part of the Chicago metropolitan area.

Oakland was founded in 1836 and named after the oak trees that grew abundantly in the area. The town's early economy was based on agriculture and manufacturing. In the late 19th century, Oakland became an industrial center due to its proximity to Chicago and its railroads. Today, Oakland is primarily a residential community with a small commercial district along Lake Street.

Real estate in Oakland is dominated by single-family homes and apartments. The average price of a home in Oakland was $166,000 in 2016 according to Zillow data. The median rent for an apartment was $1,100 per month as of September 2017 according to YP Data .

The most popular neighborhoods for real estate in Oakland are Downtown/Lakefront (where the majority of homes are priced between $200,000-$600,000), Westlake (priced between $150,000-$400,000), North Park (priced between $100,000-$300,000), and Old Town (priced between $7500-$150000).

There are also several suburban neighborhoods located within close proximity to downtown such as Deerfield Hills/ Lake Forest ($500K+), Bartlett ($350K+), Hinsdale ($300K+), Naperville ($250K+) and Bolingbrook ($200K+) which have seen significant growth over recent years due to their excellent schools and commute times into downtown Chicago