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Affordable
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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 $319,333, lower than the Minnesota average of $345,793.
The average cost of rent is $1,192/mo in Oak Park, primarily driven by the current value of real estate in the Oak Park area. In Oak Park, 4.24% of households rent, and 36.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Park is $8,280 per month. Households that rent pay about 14.39% of their income on rent here. Oak Park’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ronneby, MN: equally priced homes
- Foley, MN: less expensive homes
- Parent, MN: equally priced homes
- Foreston, MN: less expensive homes
- Pease, MN: less expensive homes
- North Benton, MN: equally priced homes
- Milaca, MN: less expensive homes
- Jakeville, MN: equally priced homes
- Gilman, MN: higher priced homes
- Popple Creek, MN: higher priced homes
Cities with Similar Populations
- Albion, WA: equally priced homes
- Alma, CO: higher priced homes
- Arcadia Lakes, SC: equally priced homes
- Ashippun, WI: higher priced homes
- Ashkum, IL: less expensive homes
- Ashland, MT: less expensive homes
- Bearsville, NY: higher priced homes
- Big Cabin, OK: less expensive homes
- Rothsay, MN: less expensive homes
- Santo, TX: equally priced homes
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