60452, Oak Forest, IL

The 60452 zip code of Oak Forest, Illinois has a median home value of $191,000. The average home value in this zip code is $209,000. This means that the homes in this area are worth an average of 5% more than the statewide median home value of $177,500.

Oak Forest is a middle class suburb located about 25 miles north of downtown Chicago. The population in the 60452 zip code is approximately 27,000 people. Over half (56%) of residents in this zip code have at least a bachelor's degree. Additionally, the unemployment rate in this area is lower than the statewide unemployment rate (5%).

There are several factors that contribute to the high home values in Oak Forest. First and foremost, Oak Forest is located within one hour's drive of major metropolitan areas such as Chicago and Detroit which can result in increased demand for housing stock. Additionally, many homeowners here have invested heavily in their homes over time which has resulted in increased property values. Finally, Oak Forest has consistently had low rates of foreclosure and crime which has led to increased demand for residential properties from investors and first-time buyers alike.