Oak Park, MI Housing

Oak Park, MI is a city with a strong housing market. The median value of a house in Oak Park, MI is $193,400 which is significantly lower than the US house median value of $338,100. Although the US has seen an 8.27% appreciation in house values over the last year, Oak Park has only seen a 4.30% appreciation. This slower rate of growth makes it more affordable for potential buyers compared to other locations across the country.

The median home cost in Oak Park is $193,400. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Oak Park is up 9.7%.

Average Age of Homes

- The median age of Oak Park real estate is 60 years old

The Rental Market in Oak Park

- Renters make up 37.9% of the Oak Park population
- 1.9% of houses and apartments in Oak Park, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Oak Park, Michigan	United States
	12,847.0	139,647,020.0
	64	42
	$193,400	$338,100
	9.7%	16.6%
	52.6%	57.0%
	130.9%	101.1%
	$17.25	$10.98
	$2,479	$2,690
	56.0%	57.4%
	4.6%	11.2%
	39.4%	31.4%
Vacant Housing
	1.9%	1.9%
	0.2%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.1%	2.4%
	2.3%	2.8%
	3.9%	3.9%
	8.7%	4.5%
	36.7%	11.3%
	27.3%	13.0%
	14.9%	20.1%
	2.5%	13.6%
	0.0%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.3%	13.6%
	1.3%	13.6%
	1.9%	13.6%
	3.8%	13.2%
	11.1%	14.8%
	1.9%	13.6%
	49.9%	10.0%
	12.1%	4.7%
	1.4%	12.2%

Reviews for Oak Park

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April · Oak Park, MI

Glorified Ghetto

Over 3 years ago

I've lived in Oak Park for 5 years and have dreamt of escape since year one. This town is an absolute s**thole and the current aims at gentrification are failing. They More

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Abhd · Oak Park, MI

Unimpressive

Over 16 years ago

Every day I think about living somewhere More

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Harry · Oak Park, MI

Oak Park

Over 17 years ago

I was raised in Oak Park, Michigan and the quality of life there was pretty good. Had a nice park, ice skating rink, public swimming pool, More

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