Why Live in Oak Park
Oak Park in Traverse City is a residential neighborhood characterized by its proximity to downtown amenities, including shops, restaurants, and parks. The area features a mix of older homes, such as Craftsmans, brick cottages, and Italianates, alongside modern industrial townhouses built in the 2010s. Streets are gridded and lined with shade trees, and many homes have fenced yards and front-facing gardens. The neighborhood is within walking distance of several dining options, including Potter’s Bakery, Round’s Restaurant, and Raduno. F & M Park, located on the west side of Oak Park, offers a train-themed playground, seasonal ice-skating rink, basketball courts, and hosts events during the National Cherry Festival. Just west of the neighborhood, the Grand Traverse County Civic Center provides sports fields, walking and biking paths, and the Howe Ice Arena. Beach parks like Bryant Beach Park and Sunset Park Beach are a block north, offering swim access. Oak Park students attend highly rated schools in the Traverse City Area Public School District, including Eastern Elementary School, East Middle School, and Central High School. The neighborhood benefits from low crime risk compared to the national average. Major employers in Traverse City, such as Munson Medical Center and Northwestern Michigan College, are nearby, and Cherry Capital Airport is just under 3 miles east. Traverse City Transit provides convenient bus service around the city.
Frequently Asked Questions
Is Oak Park a good place to live?
Oak Park is a good place to live. Oak Park is considered fairly walkable and very bikeable. Oak Park is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Oak Park has 8 parks for recreational activities. It is somewhat dense in population with 7.5 people per acre and a median age of 42. The average household income is $75,903 which is below the national average. College graduates make up 57.4% of residents. A majority of residents in Oak Park are home owners, with 35.9% of residents renting and 64.1% of residents owning their home. A
local real estate agent serving Oak Park can help you decide if this neighborhood is the right one for you. Learn more on our
Oak Park neighborhood guide.
Is Oak Park, MI a safe neighborhood?
Oak Park, MI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Oak Park?
The median home price in Oak Park is $417,500. If you put a 20% down payment of $83,500 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $2,050 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $88K a year to afford the median home price in Oak Park. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Oak Park is $76K.
What are the best public schools in Oak Park?
The best public schools that serve Oak Park are:
What are the best private schools in Oak Park?
The best private schools that serve Oak Park are:
What are the most popular zip codes in Oak Park, Traverse City, MI?
What are the most popular neighborhoods near Oak Park, Traverse City, MI?
Home Trends in Oak Park, MI
On average, homes in Oak Park, Traverse City sell after 56 days on the market compared to the national average of 53 days. The median sale price for homes in Oak Park, Traverse City over the last 12 months is $364,000, down 21% from the median home sale price over the previous 12 months.
Median Sale Price
$364,000
Median Single Family Sale Price
$395,000
Median 2 Bedroom Sale Price
$395,000
Average Price Per Sq Ft
$355
Number of Homes for Sale
5
Last 12 months Home Sales
19
Median List Price
$417,500
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-21%