HomeIllinoisVermilion CountyOakwood village
Oakwood village, Illinois: commercial real estate data.
Oakwood village is a Census village of 1,380 people across 0.93 square miles of land, in Vermilion County. Median household income is $46,293, 77.7 percent of occupied homes are owned.
64 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Oakwood
What Oakwood is
- Census place typevillage
- Land area0.93 sq mi
- Water area0 sq mi
- Population per square mile of land1,487
- County holding the largest share of its areaVermilion County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakwood
How many people live in Oakwood
- Population1,380
- Median age42.0
- Population under 18384 plus or minus 95
- Share under 1827.8 percent plus or minus 6.0
- Population 65 and over360 plus or minus 82
- Share 65 and over26.1 percent
- Households610
- Family households359
- Share of households that are families58.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakwood
Income and work in Oakwood
- Median household income$46,293
- Per capita income$27,797
- Civilian labor force530
- Employed518
- Unemployed12 plus or minus 10
- Unemployment rate2.3 percent plus or minus 1.8
- Adults 25 and over931
- Adults 25 and over with a high school diploma or higher95.7 percent
- Adults 25 and over with a bachelor degree or higher10.5 percent plus or minus 3.6
- Adults 25 and over with a graduate degree3.0 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakwood
Housing in Oakwood
- Housing units684
- Occupied units610
- Vacant units74 plus or minus 42
- Vacancy rate10.8 percent plus or minus 6.0
- Owner occupied474
- Renter occupied136 plus or minus 52
- Ownership rate77.7 percent
- Median owner-occupied home value$103,000
- Median gross rent, monthly$695 plus or minus $217
- Annual rent as a share of median income18.0 percent plus or minus 6.1
- Single family units408
- Share single family59.6 percent
- Units in buildings of two or more83 plus or minus 54
- Share in buildings of two or more12.1 percent plus or minus 7.8
- Mobile homes193 plus or minus 56
- Median year structure built1974
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakwood
How Oakwood gets to work
- Workers 16 and over who commute460 plus or minus 98
- Commuting under 15 minutes122 plus or minus 49
- Share commuting under 15 minutes26.5 percent plus or minus 8.9
- Commuting 30 minutes or more189 plus or minus 53
- Share commuting 30 minutes or more41.1 percent
- Drove alone83.0 percent
- Carpooled5.3 percent plus or minus 2.9
- Public transport0.0 percent
- Walked1.4 percent plus or minus 1.5
- Worked from home10.0 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakwood
SBA loans in Oakwood (504)
- Approvals1
- Gross approval$1,017,000
- Average approval$1,017,000
- Median approval$1,017,000
- Largest approval$1,017,000
- Jobs supported16
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Oakwood
Flood risk in Oakwood
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170796
- Currently effective map date(NSFHA)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Vermilion County, not Oakwood
Vermilion County context, not Oakwood figures
These are Vermilion County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Oakwood measurements.
- Establishments in Vermilion County1,300
- Employment at those establishments, Vermilion County23,008
- Covered employment, Vermilion County25,748
- Average annual pay, Vermilion County$54,579
- Average weekly wage, Vermilion County$1,050
- Housing units permitted, Vermilion County4
- Of those, single family, Vermilion County4
- County product, 2024, Vermilion County$4,180,111,000
- County product change over the prior year, Vermilion County1.7 percent
- Average income of an arriving household, Vermilion County$40,507
Every figure in this section is published for Vermilion County as a whole and is not a measurement of Oakwood. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Oakwood questions, answered from the record.
How many people live in Oakwood, Illinois?
1,380, in 610 households. Oakwood village covers 0.93 square miles of land, which is 1,487 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Oakwood in?
Vermilion County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Oakwood?
$46,293. The median owner-occupied home is valued at $103,000. Median gross rent is $695 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Is Oakwood in the National Flood Insurance Program?
Yes. Oakwood appears in the FEMA Community Status Book as community 170796, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Oakwood figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Vermilion County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Oakwood.
Is zoning published for Oakwood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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