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Oak Park, IL Real Estate

Oak Park is a city in Cook County, Illinois with a population of about 53,315. The median home value is near $456,300, and median rent runs around $1,456/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$456,300
Median Rent
$1,456/mo
Population
53,315
Median Income
$108,026
Median Age
40.6
Homeownership
60.7%

Monthly payment on a median Oak Park home

Example for a $456,300 home: 20% down, 30-yr at ~6.75%, IL property tax ~2.05%, 0.4% insurance.

Est. monthly (PITI)
$3,299
Principal & interest
$2,368
Property tax / mo
$780
Down payment (20%)
$91,260

Oak Park at a glance

  • 33.9% of residents 25+ hold a bachelor's degree or higher.
  • 60.7% of occupied homes are owner-occupied.
  • Median household income is $108,026.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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