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Oak Park, IL

Full City Profile · Illinois · Cook County County

3.8 /5.0
B+ Good
53,315 Population 11,344/sq mi density
$108,026 Median Income $69,420 per capita
$456,300 Home Value $449,363 Zillow
$1,456 Median Rent 27.7% income on rent
52°F Avg Temperature 275 sunny days/yr
298 Violent Crime/100K 3,047 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$108,026 median income, 3.9% unemployment
A
Affordability
4.3 / 5.0
$456,300 home value, $1,456/mo rent
F
Safety
1.0 / 5.0
298 violent crimes/100K
A+
Education
5.0 / 5.0
72.5% bachelor's degree or higher

Housing Overview

Median Home Value
$456,300
62% above
US avg: $281,900
Median Rent
$1,456/mo
25% above
US avg: $1,163/mo
Homeownership Rate
60.7%
7% below US avg (65.4%)
Total Housing Units
24,708
Median year built: 1938

Home Value by Source

Census Median
$456,300
Zillow (ZHVI)
$449,363
Median Sale Price
$382,500
Median List Price
$412,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

60.7%
Owner-Occupied
39.3%
Renter-Occupied
61%
39%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,456/mo · Zillow rent: $2,038/mo

Market Indicators (Redfin)

Median Days on Market
61 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
30
Price Drops
4.0%
of listings with price reduction
Price Per Sq Ft
$258
Active Inventory
99
homes for sale

Affordability & Housing Stock

Rent Burden
27.7%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
60.7%

Complete Housing Data

Home Values

Census Median Value$456,300
Zillow Home Value (ZHVI)$449,363
Median Sale Price$382,500
Median List Price$412,500
Price Per Sq Ft$258

Rent

Census Median Rent$1,456
Zillow Rent (ZORI)$2,038
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market61
Sale-to-List Ratio1.0%
Price Drops4.0%
Homes Sold30
Active Inventory99
Price Per Sq Ft$258

Ownership & Stock

Owner-Occupied60.7%
Renter-Occupied39.3%
Homeownership Rate60.7%
Total Housing Units24,708
Median Year Built1938
Rent Burden27.7%