Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Oak Park area can be challenging. Home prices in Oak Park are now at a median cost of $147,895, lower than the Michigan average of $196,062.
The average cost of rent is $1,278/mo in Oak Park, primarily driven by the current value of real estate in the Oak Park area. While nearly 33.55% of residents own their homes outright in Oak Park, 36.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oak Park is $5,472 per month. Households that rent pay about 23.35% of their income on rent here. Oak Park's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Huntington Woods, MI: higher priced homes
- Pleasant Ridge, MI: higher priced homes
- Berkley, MI: higher priced homes
- Ferndale, MI: higher priced homes
- Lathrup Village, MI: higher priced homes
- Royal Oak, MI: higher priced homes
- Southfield, MI: higher priced homes
- Hazel Park, MI: less expensive homes
- Beverly Hills, MI: higher priced homes
- Madison Heights, MI: equally priced homes
Cities with Similar Populations
- West Roxbury, MA: higher priced homes
- Dade City, FL: higher priced homes
- Davison, MI: equally priced homes
- Derby, KS: higher priced homes
- Dodge City, KS: less expensive homes
- East Haven, CT: higher priced homes
- East Northport, NY: higher priced homes
- Elizabethtown, PA: higher priced homes
- Englewood, NJ: higher priced homes
- Glen Cove, NY: higher priced homes
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