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Oak Park

Learn about the people, housing, costs and businesses in Oak Park, California

Median Home$1,180,716
Median Rent$3,129/month
Population13,756
Leading IndustriesArts, Food & Hospitality · Healthcare · Education20% arts, food & hospitality
Home Value Growth⬆⬆+17.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableHigh Incomes$162k/year · top 3% nationally
NotableHighly Educated31% bachelor's · 19% graduate · top 7% nationally
Oak Park
CA

Frequently Asked Questions

What are today's mortgage rates in Oak Park?

As of today, the 30-year fixed mortgage rate for Oak Park is approximately 6.804% (6.837% 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 Oak Park?

The median home value in Oak Park is $1.2M. The median monthly rent is $3,129. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oak Park?

Home values in Oak Park have increased 17.6% 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 Oak Park?

Based on a typical all-in ownership cost of $3,466/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $149k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oak Park is $162k/year.

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What industries drive the economy in Oak Park?

The largest employment sectors in Oak Park are healthcare (23%) and arts, food, and hospitality (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.