Oak Park, MI Real Estate
According to census data in the year 2000 there were 11,370 housing units in Oak Park.
This represents a 0.2% growth from 11,344 in 1990.
Of those housing units, 11,370 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Oak Park is about 74.9%.
Oak Park's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Oak Park were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 5.70% |
| Two Bedrooms | 20.50% |
| Three Bedrooms | 61% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $114,400 |
| Median Price asked for vacant units | $91,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $633 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 10.10% |
| Simple Mortgage | 57.80% |
| Debt Free | 24.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
