Housing in Oak Park, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$252,500
Median List Price
$239,900
Price Per Sq Ft
$180
Days on Market
34
Active Inventory
46
Months of Supply
2.6
Seller's market
Zillow Home Value
$225,250
ZHVI — January 2026
Zillow Rent Index
$1,410
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
22.2%
Off Market in 2 Weeks
43.3%
Sale-to-List Ratio
97.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
18
New Listings
27
Pending Sales
30
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$180
Median List $/SF
$165
Oak Park vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Oak Park is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$198,500
Median Rent
$1,354
Total Housing Units
13,036
Vacancy Rate
2.4%
Owner Occupied
59.3%
Renter Occupied
40.7%
Median Property Tax
$2,707
per year
Monthly Cost (w/ Mortgage)
$1,146
Housing Types
The current median sale price in Oak Park, MI is $252,500 according to Redfin data. Homes spend a median of 34 days on the market. 22.2% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $180. Zillow's observed rent index is $1,410/month. About 59.3% of housing units are owner-occupied. The median year homes were built is 1958. There are 13,036 total housing units.