Oak Park, IL Real Estate
According to census data in the year 2000 there were 23,723 housing units in Oak Park.
This represents a 0.6% growth from 23,571 in 1990.
Of those housing units, 23,723 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 56.3%.
Oak Park's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Oak Park were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5% |
| One Bedroom | 26.30% |
| Two Bedrooms | 25.90% |
| Three Bedrooms | 24.10% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $231,300 |
| Median Price asked for vacant units | $230,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.71 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $707 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 16% |
| Simple Mortgage | 57.50% |
| Debt Free | 18.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
