Midway (Oak Lawn), IL

Population: 57,034
Average annual home appreciation rate: 7.51%
Total of homes for sale in this market: 269
Median home price: $212,608
Median Rent: $1,080 per room
Home price range: 36.67% of homes are between $105,001 – $211,000
Median sales price: $160,000
Number of homes: 578
Median foreclosure sales price: $112,000
Foreclosure discount: 30%
Most common home type: 63.55% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.09%
Number of renters: 19.20%
Number of owner occupied: 80.80%
Number people living below poverty level: 9.10%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Oak Lawn area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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