Why Live in Oak Park
Oak Park, Michigan, situated 14 miles northwest of Detroit, is a small city with a population of about 30,000 that has experienced notable growth over the past decade. The city has revitalized industrial areas into vibrant shopping districts and modern condos, fostering a community-focused atmosphere. Oak Park's shopping and dining scene has flourished, particularly along 11 Mile and 9 Mile roads, where new businesses, restaurants, and the Unexpected Craft Brewing Company have emerged. The city offers over 102 acres of parks, including the expansive 57-acre Shepherd Park, which provides recreational activities such as basketball, tennis, an outdoor pool, sledding hill, and ice rink. The Oak Park Community Center hosts a farmer’s market from July to October, featuring local vendors. Housing in Oak Park includes a mix of bungalows, ranch-style homes, townhouses, and apartments, primarily built in the 1950s with solid brick exteriors and hardwood floors. The Berkley School District, which includes the highly rated Norup International School, serves the community. Oak Park celebrates its cultural diversity with events like the annual Juneteenth Celebration. The city is well-connected with major thoroughfares such as The Lodge Freeway, Interstate 696, Eight Mile Road, and Woodward Avenue, and is 23 miles from Detroit Metropolitan Airport. Oak Park reports fewer violent crimes than the national average, offering a relatively safer environment in this aspect.
Frequently Asked Questions
What is the average home price in Oak Park, MI?
Homes for sale in Oak Park, MI have an average home price of $243,904.
How many homes have sold over the last 12 months in Oak Park, MI?
324 homes have sold in Oak Park, MI over the last 12 months.
What are the most popular zip codes in Oak Park, MI?
How much do you need to make to afford a house in Oak Park?
The median home price in Oak Park is $245,000. If you put a 20% down payment of $49,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Oak Park.
How are the schools in Oak Park, MI?
Home Trends in Oak Park, MI
On average, homes in Oak Park, MI sell after 30 days on the market compared to the national average of 50 days. The median sale price for homes in Oak Park, MI over the last 12 months is $237,250, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$237,250
Median Single Family Sale Price
$239,887
Median 2 Bedroom Sale Price
$82,000
Average Price Per Sq Ft
$194
Number of Homes for Sale
49
Last 12 months Home Sales
324
Median List Price
$245,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
