Rental market snapshot for Oak Park, Michigan
Oak Park, Michigan Rental Property Market Overview
Oak Park, Michigan is a vibrant city located in the Detroit metropolitan area. According to the US Census, the population of Oak Park was 29,322 in 2021. The city is known for its diverse population, excellent schools, and numerous parks and recreational facilities. Oak Park is also home to a variety of businesses, restaurants, and entertainment venues. With its convenient location and many amenities, Oak Park is a great place to live and work.
The average rent for an apartment in Oak Park is $1,554. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has increased by 7.3% over the past year.
Last Updated April 22, 2023
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Average monthly rent graph in Oak Park Michigan | Cost of Living
- The most expensive ZIP code in Oak Park is 48237 with an average price of $1,328
- The cheapest ZIP code in Oak Park is 48237 with an average price of $1,286
Oak Park ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 48237 | $1,328 |
Live near Oak Park, Michigan's Top Sights and Attractions
David H Shepherd Park is a large outdoor recreational area located in a suburban area. It features a variety of activities for visitors to enjoy, including a playground, walking trails, picnic areas, and a large pond. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to spend a day outdoors, as it offers plenty of open space to explore and relax.
City Hall Oak Park is a historic building located in the heart of the city. It is a beautiful red brick structure with a large clock tower and a grand entrance. Inside, visitors can explore the history of the city through the many exhibits and displays. The building also houses the city government offices, making it a great place to learn more about the local government. The building is surrounded by a lush green park, making it a great spot for a picnic or a stroll.
Key Park is a beautiful outdoor area located in a small town in Michigan. It features a large pond, walking trails, picnic areas, and a playground. The park also has a variety of trees, shrubs, and flowers, making it a great spot for nature lovers. Visitors can also enjoy fishing, boating, and other recreational activities. The park is a great place to relax and enjoy the outdoors.
Victoria Park is a beautiful park located in a quiet residential area. It features a large pond with a fountain, a playground, a picnic area, and plenty of walking trails. The park also has a variety of trees, shrubs, and flowers, making it a great spot for nature lovers. In the summer, the park is a popular spot for swimming, fishing, and boating. In the winter, visitors can enjoy ice skating and sledding.
Charlotte Rothstein Park is a beautiful outdoor space located in a quiet residential area. It features a large playground with swings, slides, and a sandbox, as well as a basketball court, a walking path, and a picnic area. The park also has a pond with a fountain, and a gazebo with benches for visitors to relax and enjoy the scenery. The park is well-maintained and provides a great place for families to spend time together.
Oak Park, Michigan area median rent change by ZIP code map
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How does Oak Park compare to other cities in Michigan ?
| city | median price |
|---|---|
| Portage | $1,730 |
| Walled Lake | $2,249 |
| Lake Orion | $1,849 |
| Ann Arbor | $2,005 |
| Oak Park | $1,510 |
| Midland | $1,395 |
| Clawson | $1,195 |
Average household income in Oak Park area graph - US Census
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The median household income in Oak Park in 2021 was $58,700. This represents a 30.7% change from 2011 when the median was $44,901.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 4.9% |
| 1 | $10,000 to $14,999 | 4.9% |
| 2 | $15,000 to $19,999 | 6.5% |
| 3 | $20,000 to $24,999 | 4.2% |
| 4 | $25,000 to $29,999 | 5.8% |
| 5 | $30,000 to $34,999 | 4.5% |
| 6 | $35,000 to $39,999 | 4.9% |
| 7 | $40,000 to $44,999 | 5.3% |
| 8 | $45,000 to $49,999 | 5.5% |
| 9 | $50,000 to $59,999 | 8.8% |
| 10 | $60,000 to $74,999 | 10.8% |
| 11 | $75,000 to $99,999 | 11.2% |
| 12 | $100,000 to $124,999 | 13.2% |
| 13 | $125,000 to $149,999 | 3.1% |
| 14 | $150,000 to $199,999 | 2.1% |
| 15 | $200,000 or more | 4.3% |
