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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Oakbrook Terrace, IL Housing Affordability Index

Oakbrook Terrace, Illinois has an MBR Housing Affordability Index score of 80.3 (Moderately Less Affordable) as of October 30, 2026, ranking 1239th most affordable of 1,249 scored Illinois cities, compared with 102.2 statewide and 97.4 nationally. On a median-priced $372,400 home with 20% down, the Illinois average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $2,045, or 32% of the city’s $76,905 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Oakbrook Terrace is updated every night from live Illinois mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Oakbrook Terrace MBR-HAI 80.3 Moderately Less Affordable
Rank in Illinois 1,239 of 1,249 1 = most affordable
Illinois 102.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Illinois lenders
Median home value $372,400 U.S. Census Bureau

Oakbrook Terrace is 21.9 points below the Illinois score. Scores as of October 30, 2026. See the Illinois index

View Oakbrook Terrace Mortgage Rates

What It Takes to Buy in Oakbrook Terrace

$2,045/mo
Principal & Interest
Median home, 20% down, 7.31%
$87,700
Income Needed
To keep the payment at 28% of income
$76,905
Median Household Income
Illinois: $83,390
4.8x
Price-to-Income Ratio
Illinois: 3.2x
$1,351/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$6,893/yr
Median Property Tax
1.85% of median value
39.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
37.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Oakbrook Terrace, Illinois. The rate is the Illinois average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Oakbrook Terrace Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Oakbrook Terrace, Illinois score: 80.3 (Moderately Less Affordable), ranked 1,239 of 1,249 Illinois cities. monitorbankrates.com/housing-affordability-index/illinois/oakbrook-terrace”