What HUD offices serve Oak Forest, Illinois?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Oak Forest.
How many renters live in Oak Forest, Illinois?
The City of Oak Forest has people living in households.
There are renters living in renter households in this City. Renters make up 16.59 percent of the population living in Oak Forest.
What is the rental market like in Oak Forest, Illinois?
There are an estimated housing units in the Oak Forest area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oak Forest, Illinois, there are 1.05 rental units.
What is the vacancy rate for rentals in Oak Forest?
The rental vacancy rate in Oak Forest is 4 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Oak Forest for each bedroom size?
Occupied Rental Units by Size in Oak Forest
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 144 | 527 | 837 | 409 | 112 |
Occupied Rental Units by Size in Oak Forest
A large number of apartments in Oak Forest have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Oak Forest
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,399 |
| One BR | $1,507 |
| Two BR | $1,714 |
| Three BR | $2,182 |
| Four BR | $2,583 |
2024 Fair Market Rents in Oak Forest, Illinois
How many units are rented at Fair Market Rent (FMR) in Oak Forest?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 144 | 100 percent |
| One BR | 498 | 94 percent |
| Two BR | 704 | 84 percent |
Rental Units Below FMR in Oak Forest, Illinois
How many affordable rental units are in Oak Forest?
There are a variety of federal affordable housing programs serving households in Oak Forest, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Oak Forest, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oak Forest, Illinois
Oak Forest features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Oak Forest, Illinois
There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Forest.
Housing Choice Vouchers in Oak Forest, Illinois
On average, Section 8 Housing Choice vouchers pay Oak Forest landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Oak Forest.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Forest, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.