Housing in 60302 Oak Park, IL is quite expensive compared to the US median value of $338,100. The median value of housing in this area is $401,900 and has seen an appreciation rate of 4.7% over the past year. This appreciation rate is lower than the national average which currently stands at 8.27%. Despite the lower appreciation rate, Oak Park remains one of the most expensive markets for housing in the United States with a median home value significantly higher than other areas around the country.
The median home cost in Oak Park (zip 60302) is $401,900. Home appreciation the last 10 years has been 41.4%. Home Appreciation in Oak Park (zip 60302) is up 10.6%.
Average Age of Homes
- The median age of Oak Park (zip 60302) real estate is 78 years old
The Rental Market in Oak Park (zip 60302)
- Renters make up 38.9% of the Oak Park (zip 60302) population
- 2.9% of houses and apartments in Oak Park (zip 60302), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.