Oak Park, IL Housing


7 Reviews



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United States / Illinois / Chicago-Naperville-Elgin Metro Area / Cook County / Oak Park / Zip Codes
Oak Park, IL is a desirable location for those looking to invest in real estate. The median value of housing in Oak Park is $405,000, which is significantly higher than the US median of $338,100. While the 1 year appreciation rate for US housing is 8.27%, the 1 year appreciation rate for Oak Park housing is 4.70%. This suggests that housing prices are stabilizing in this area and may be a safe investment for potential homeowners or investors.

The median home cost in Oak Park is $405,000. Home appreciation the last 10 years has been 41.4%. Home Appreciation in Oak Park is up 10.6%.

Average Age of Homes
- The median age of Oak Park real estate is 78 years old
The Rental Market in Oak Park
- Renters make up 36.6% of the Oak Park population
- 2.6% 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

  HousingOak Park, IllinoisUnited States
  24,200.0139,647,020.0
  6142
  $405,000$338,100
  10.6%16.6%
  19.4%57.0%
  41.4%101.1%
  $20.96$10.98
  $10,001$2,690
  56.4%57.4%
  5.8%11.2%
  37.8%31.4%
  Vacant Housing
  2.6%1.9%
  0.0%0.4%
  0.4%0.7%
  0.4%0.4%
  0.3%3.6%
  2.0%4.1%
  Value of Owner-Occupied Housing
  0.1%2.6%
  0.5%2.4%
  0.2%2.8%
  1.7%3.9%
  1.4%4.5%
  7.1%11.3%
  7.6%13.0%
  10.7%20.1%
  18.9%13.6%
  19.1%8.3%
  23.8%9.7%
  6.5%3.9%
  1.5%2.2%
  0.5%0.8%
  0.3%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  3.3%13.6%
  3.3%13.6%
  2.2%13.6%
  2.3%13.2%
  8.0%14.8%
  2.2%13.6%
  6.0%10.0%
  4.8%4.7%
  60.1%12.2%
Reviews for Oak Park
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don · Oak Park, IL
oak park cost of living - too much for retirement
Over 11 years ago

We've lived in Oak Park for 25 years, raising our two children here. Now, looking ahead a few years, the Cost of Living (127), is a major factor in searching for  More

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Anon · Oak Park, IL
Not a bad place to raise a family
Over 14 years ago

I have grew up in the Oak Park area and have lived in other cities in the country. Oak Park is located outside of the city of Chicago. Though located reasonably  More

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ASeb · Oak Park, IL
Don't believe the hype
Over 14 years ago

If you don't know any better you might think Oak Park is perfect. However, if you are like me and have other places as a comparison, you know better. I will say that  More

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