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Level Park-Oak Park

Learn about the people, housing, costs and businesses in Level Park-Oak Park, Michigan

Median Home$143,296
Population3,444
Leading IndustriesRetail · Manufacturing · Healthcare22% retail
Home Value Growth⬆⬆⬆+25.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners96% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Level Park-Oak Park
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Level Park-Oak Park?

As of today, the 30-year fixed mortgage rate for Level Park-Oak Park is approximately 7.017% (7.061% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Level Park-Oak Park?

The median home value in Level Park-Oak Park is $143k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Level Park-Oak Park?

Home values in Level Park-Oak Park have increased 25.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Level Park-Oak Park?

Based on a typical all-in ownership cost of $856/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Level Park-Oak Park is $67k/year.

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What industries drive the economy in Level Park-Oak Park?

The largest employment sectors in Level Park-Oak Park are public administration (25%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.