Oak Park, MI Real Estate
According to census data in the year 2000 there were 11,370 housing units in Oak Park.
This represents a 0.2% growth from 11,344 in 1990.
Of those housing units, 11,370 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Oak Park is about 74.9%.
Oak Park's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Oak Park were built after 1956.
|Housing Units by Size|
|Five Bedrooms or more||1.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.75|
|Median year structure was built||1955|
|Median Value of occupied units||$114,400|
|Median Price asked for vacant units||$91,200|
Rented Homes, Apartments and Condos
|Average Household Size||2.47|
|Median year structure was built||1959|
|Median Monthly Rent asked for vacant units||$633|
Owners Finance Status
|Second Mortgage & Equity Loan||1.10%|
|Home Equity Loan||10.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.2%|