Oak Park, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oak Park Neighborhoods Since 2000




Oak Park, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oak Park Housing Market Information

With a population of 14,276, 5,388 total housing units (homes and apartments), and a median house value of $807,069, 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 63.85% of the town's housing units. Other types of housing that are prevalent in Oak Park include row houses and other attached homes ( 15.72%), large apartment complexes or high rise apartments ( 15.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.79%).

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 71.71% of Oak Park's homes, and 58.51% 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 ( 5.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.16%).

Oak Park Home Appreciation Rates

Appreciation rates for homes in Oak Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.73%, which ranks in the top 40% nationwide. This equates to an annual average Oak Park house appreciation rate of 0.56%.

NeighborhoodScout's data show that during the latest twelve months, Oak Park's appreciation rate, at 5.52%, has been at or slightly above the national average. In the latest quarter, Oak Park's appreciation rate has been 1.13%, which annualizes to a rate of 4.58%.

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

Average Home Values

 

Median Home Value:
$807,069

Oak Park, CA HOME PRICES

Value Range
> $1,223,000 16.3
$918,001 - $1,223,000 22.0
$612,001 - $918,000 36.6
$490,001 - $612,000 10.5
$367,001 - $490,000 7.7
$245,001 - $367,000 3.1
$122,001 - $245,000 2.1
$61,001 - $122,000 0.9
$0 - $61,000 0.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.87507324504863 17.8571428571429

Number Of Homes And Apartments:
5,388

Oak Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
103.48% 4.20% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,814 / per month

Homeownership Rate

Homeownership
Owners 71.71
Renters 28.29
Vacant 2.21

Housing Market Details

 

Age of Homes

AGE OF Oak Park HOMES
2000 or Newer 5.2
1970 - 1999 90.2
1940 - 1969 4.2
1939 or Older 0.4

Types of Homes

TYPE OF Oak Park HOMES
Single-Family 63.8
Townhomes 15.7
Small Apt. Buildings 4.8
Apt. Complexes 15.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oak Park HOMES
No Bedroom 0.18
1 Bedroom 6.01
2 Bedrooms 24.03
3 Bedrooms 23.87
4 Bedrooms 34.65
5 or more bedrooms 11.27