Housing costs in Oak Park?
A typical home costs
$193,400, which is 42.8% less expensive than the national average of
$338,100 and 11.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Oak Park costs
$1,460 per month, which is 32.7% more than the national average of
$1,100 and 16.4% more than the state average of
$1,220.
Can I afford Oak Park?
To live comfortably in Oak Park (zip 48237), Michigan, a minimum annual income of
$37,080 for a family, and
$46,000 for a single person is recommended.
What does A.I. say about Oak Park?
The cost of living in 48237 Oak Park, MI is reasonable compared to the national average. The median home price in the area is around $136,400, which is lower than the U.S. median home value of $193,500. Additionally, rent prices are below the national average at $822 for a one-bedroom apartment and $1,141 for a two-bedroom apartment. Groceries and utilities also cost less than the national average. All of these factors make 48237 Oak Park a great place to live at an affordable price point.