Oak Lawn, Illinois is a part of the Southwest Cook County Submarket submarket area, and contains zip codes 60453 and 60454.
The 2019 average effective rent for Class A, B, and C apartments in the Oak Lawn, IL submarket area was $958, which is 9.11% higher than 2014 average rent. This represents a compounded annual growth rate of 1.76%. 2019 vacancy in Oak Lawn, IL was 2.00%.
The total population of the city of Oak Lawn, IL has decreased 2.08% since 2010. As of 2018, the population was 55,511. The median household income of the Oak Lawn was $62,455, which is 3.59% higher than the national average.