Home

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 Type5%
One Bedroom26.30%
Two Bedrooms25.90%
Three Bedrooms24.10%
Four Bedrooms14.40%
Five Bedrooms or more4.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1939
Median Value of occupied units$231,300
Median Price asked for vacant units$230,000

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1939
Median Monthly Rent asked for vacant units$707

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.90%
Home Equity Loan16%
Simple Mortgage57.50%
Debt Free18.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.1%