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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oak Park, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oak Park, CA Housing Market Trends

With a population of 13,898, 5,015 total housing units (homes and apartments), and a median house value of $1,100,108, Oak Park house prices are not only among the most expensive in California, Oak Park real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Oak Park, accounting for 63.31% of the town's housing units. Other types of housing that are prevalent in Oak Park include row houses and other attached homes ( 16.98%), large apartment complexes or high rise apartments ( 12.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oak Park. Owner-occupied housing accounts for 71.29% of Oak Park's homes, and 59.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oak Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oak Park built between 2000 and later ( 4.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.21%).

Oak Park Home Appreciation Rates

Oak Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oak Park during the period has been just 4.84%, which is lower than 70% of US communities.

Over the last year, Oak Park appreciation rates have trailed the rest of the nation. In the last twelve months, Oak Park's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oak Park were at 0.56%, which equates to an annual appreciation rate of 2.28%.

Relative to California, our data show that Oak Park's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

Median Home Value

$1,100,108

Oak Park, CA Home Prices
> $1,197,000
$898,001 - $1,197,000
$599,001 - $898,000
$479,001 - $599,000
$359,001 - $479,000
$240,001 - $359,000
$120,001 - $240,000
$60,001 - $120,000
$0 - $60,000
43.7%
43.7%
30.9%
30.9%
18.7%
18.7%
0.5%
0.5%
2.8%
2.8%
1.7%
1.7%
0.4%
0.4%
0.2%
0.2%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

5,015

Oak Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,444 / per month

Homeownership Rate

Owners
Renters
71.3%
71.3%
28.7%
28.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.1%
4.1%
95.9%
95.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.5%
4.5%
92.0%
92.0%
3.2%
3.2%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.3%
63.3%
17.0%
17.0%
6.9%
6.9%
12.1%
12.1%
0.7%
0.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
7.8%
7.8%
21.2%
21.2%
30.1%
30.1%
29.1%
29.1%
10.4%
10.4%
0% 100.0%
% of Homes