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Rent To Own Homes in Oakwood, IL

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Forrest-st-Danville-IL-61832
Preforeclosure
$28,712 EMV

Forrest St
Danville, IL 61832

5 Park-st-Georgetown-IL-61846
Preforeclosure
$61,464 EMV

Park St
Georgetown, IL 61846

5 Guy-st-Georgetown-IL-61846
Preforeclosure
$53,674 EMV

Guy St
Georgetown, IL 61846

5 Dolak-st-Westville-IL-61883
Preforeclosure
$32,143 EMV

Dolak St
Westville, IL 61883

Bryan-ave-Danville-IL-61832
Foreclosure
$37,239 EMV

Bryan Ave
Danville, IL 61832

S-kansas-ave-Danville-IL-61834
Foreclosure
$88,350 EMV

S Kansas Ave
Danville, IL 61834

S-main-st-Georgetown-IL-61846
Foreclosure
$62,815 EMV

S Main St
Georgetown, IL 61846

Dawn-ave-Danville-IL-61832
Foreclosure
$68,736 EMV

Dawn Ave
Danville, IL 61832

2 Bed | 1 Bath | 925 Sq. Ft.

Cleveland-ave-Danville-IL-61832
Foreclosure
$19,295 EMV

Cleveland Ave
Danville, IL 61832

3 Bed | 1 Bath | 1,150 Sq. Ft.

8 E-fairchild-st-Danville-IL-61832
Foreclosure
$12,900 List Price

E Fairchild St
Danville, IL 61832

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Foreclosure Homes in Oakwood, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Oakwood, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Oakwood, IL and much more. Save thousands at closing with home foreclosure listings in Oakwood, IL — up to 75% off market value!


Top Reasons To Live In Oakwood, IL In 2021

Oakwood is located in Vermilion, Illinois, with an estimated municipal population of 1,485 residents. All of the best foreclosed homes for sale in Oakwood are located in the following zip code areas on Foreclosure.com: 61858. The estimated population per square kilometer (.62 miles) in Oakwood is 617.


Cost Of Living In Oakwood, IL

So, about how much do homes cost in Oakwood? The most recent median value of resident-owned homes in Oakwood is 88,651. An estimated 79.4 percent of households in Oakwood own their homes, with an average family size of 3.05. The median household income in Oakwood is 56,964, with21.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oakwood, the median commute time of resident workers (in minutes) is 21.4. And last, but certainly not least, are you looking for homes to rent in Oakwood? If so, the average rent price paid by renters in Oakwood is 704, according to recent statistics.


Diversity And Demographics In Oakwood, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oakwood, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Oakwood is 33.8, split between 46.1 percent male versus 53.9 female. The percentage of residents who report being married in Oakwood is 47.1, with an average family size of 3.05.

The percentage of residents who report their race in Oakwood is as follows:

White 99.8%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.2%
Other 0%

Looking for family-friendly neighborhoods in and/or near Oakwood? Or maybe you are searching for 55+ active adult communities in and/or near Oakwood?

The percentage of residents who report their age in Oakwood is as follows:

Under 10 14.6%
Aged 10-19 13.4%
20s 16.1%
30s 14%
40s 14.4%
50s 8.9%
60s 9.4%
70s 7.1%
80+ 2.2%

Best Schools In Oakwood, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oakwood with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oakwood.


Pros And Cons Of Living In Oakwood, Illinois

How do you know that living in -- or moving to -- Oakwood is right where you need to be? Perhaps you grew up in Oakwood or already live nearby; therefore, the decision to buy a home in Oakwood is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oakwood for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oakwood:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oakwood.


Reasons To Move To Oakwood, Illinois, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oakwood can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oakwood, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Oakwood, IL

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