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.


Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom5.70%
Two Bedrooms20.50%
Three Bedrooms61%
Four Bedrooms8.50%
Five Bedrooms or more1.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1955
Median Value of occupied units$114,400
Median Price asked for vacant units$91,200

Rented Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1959
Median Monthly Rent asked for vacant units$633

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.10%
Second Mortgage6.50%
Home Equity Loan10.10%
Simple Mortgage57.80%
Debt Free24.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%