In Oak Park, a typical home is worth $465,500 and typical rent is $1,593 a month. Compared with all of Cook County, the typical home value is 43% higher and typical household income is 33% higher.
Typical home value from Zillow, September 2021 to September 2026: from $374,890 to $480,361.
Typical rent
$2,044a month
▲ 5% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,630 to $2,044.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Oak Park is in Cook County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cook County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Maywood, the typical home value is $229,800: 51% less than in Oak Park ($465,500).
2
The typical home in Oak Park is worth $465,500,43% more than in Cook County as a whole ($324,500).
3
The typical household income in Oak Park is $110,820,33% more than in Cook County as a whole ($83,498).
4
According to Zillow, in the 12 months to September 2026 the typical home value in Oak Park rose 10.4%; in Illinois, it rose 5.3%.
5
Nearby, in Maywood, the typical rent is $1,209: 24% less than in Oak Park ($1,593).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Oak Park
What homes there are in Oak Park, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Oak Park
Cook County
Illinois
United States
Kind of home: Oak Park and its comparisons
Measure
Oak Park
Cook County
Illinois
United States
Detached house
40%
40%
58%
61%
Attached house
3%
6%
6%
6%
Building of 2 to 4
10%
19%
12%
8%
Apartments (5 or more)
47%
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
There are more apartments in Oak Park than in Cook County: 47% of homes, against 35%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Oak Park
Cook County
Illinois
United States
Year built: Oak Park and its comparisons
Measure
Oak Park
Cook County
Illinois
United States
Before 1960
71%
49%
38%
26%
1960–1979
16%
25%
26%
24%
1980–1999
5%
14%
20%
25%
2000–2009
5%
8%
11%
14%
2010 or later
4%
5%
6%
11%
In Oak Park, at least half of the homes were built before 1940, and 71% date from before 1960.
There are fewer big homes in Oak Park than in Cook County: 44% have 3 bedrooms or more, against 49%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K3%
$100K–$200K12%
$200K–$300K10%
$300K–$500K32%
$500K–$750K29%
FHA limit: $541,287
$750K–$1M12%
$1M or more3%
Value of owner-occupied homes: Oak Park and its comparisons
Measure
Oak Park
Under $100K
3%
$100K–$200K
12%
$200K–$300K
10%
$300K–$500K
32%
$500K–$750K
29%
$750K–$1M
12%
$1M or more
3%
About 61% of owner-occupied homes in Oak Park are worth less than the FHA loan limit for Cook County ($541,287); the rest are worth more.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$9998%
$1,000–$1,49934%
$1,500–$1,99924%
$2,000–$2,49914%
$2,500–$2,9997%
$3,000 or more9%
Monthly rent with utilities: Oak Park and its comparisons
Measure
Oak Park
Under $500
Unreliable estimate
$500–$999
8%
$1,000–$1,499
34%
$1,500–$1,999
24%
$2,000–$2,499
14%
$2,500–$2,999
7%
$3,000 or more
9%
With a mortgage
$3,202 a month
Cook County: $2,270 a month
Without a mortgage
$1,349 a month
Cook County: $910 a month
Owners with a mortgage
69%
Cook County: 62%
In Oak Park, 69% of owners have a mortgage, and their typical cost is $3,202 a month, against $2,270 in Cook County. Without one it drops to $1,349.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Oak Park+20%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Oak Park+36%
Cook County+28%
Illinois+26%
United States+33%
Typical household income
Oak Park+17%
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Oak Park and its comparisons
Measure
Oak Park
Cook County
Illinois
United States
Typical home value
+20%
+32%
+35%
+53%
Typical rent
+36%
+28%
+26%
+33%
Typical household income
+17%
+29%
+27%
+29%
Homes in Oak Park gained value more slowly than in Cook County: 20% since 2015–2019, against 32%.
Rents in Oak Park rose faster than in Cook County: 36% since 2015–2019, against 28%.
The typical household income in Oak Park rose 17%: less than home values (+20%) and rent (+36%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Oak Park and its comparisons
Measure
Oak Park
Cook County
Illinois
United States
Rental vacancy
5.4%
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
Unreliable estimate
3.3%
2.5%
3.4%
People per household
2.26
2.43
2.46
2.53
Drive alone
45%
55%
66%
69%
Carpool
4%
8%
8%
9%
Public transit
13%
12%
6%
3%
Walk or bike
6%
5%
3%
3%
Work from home
31%
19%
16%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
30 to 39 minutes
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Oak Park look like those in Cook County: the rental vacancy rate is 5.4%.
Households in Oak Park are smaller: 2.26 people on average; in Cook County, 2.43.
Working from home is more common in Oak Park: 31%, against 19% in Cook County.
Do the math
What would you pay each month for a home in Oak Park?
A typical home costs more than the typical income allows
We start with a typical home in Oak Park, worth $465,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Oak Park, which is $110,820 a year. For that payment to be 28% of income, a household would need to earn about $185,580 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Oak Park. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $16,293 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,330
at 7.18% · 30 years
Loan amount
$457,068
Total interest
$657,614
Paid off in
November 2056
Includes $7,861 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,586 a month
Tight
$2,586 to $3,325 a month
Hard
more than $3,325 a month
Your payment · 47%
Compared with the typical household income in Oak Park ($110,820 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,096
Property tax
$834
Home insurance
$194
FHA mortgage insurance (MIP)
$206
You need at least $16,293 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,330; principal and interest $3,096.
The city and its county
Oak Park and Cook County
Oak Park is in Cook County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Oak Park
Map of Cook County, Illinois, with Oak Park marked. Around it, the neighboring counties.
Oak Park
Cook County
Other cities with a page
Oak Park's own numbers
Typical home value
$465,500
Typical monthly rent
$1,593
Typical yearly household income
$110,820
Households that own their home
60%
Effective property tax rate
2.15%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cook County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cook County.
A typical home in Oak Park is worth $465,500: 43% above the county and 77% above Illinois. With the typical household income in Oak Park ($110,820 a year), a typical home costs 4.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Oak Park4.2 years
Cook3.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cook County
According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cook County.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.5%
+5.7%
+2.9%
5 years (2020–2025)
+42%
+47%
+47%
10 years (2015–2025)
+61%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Oak Park next to Cook County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Oak Park$465,500
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Oak Park$1,593
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Oak Park$110,820
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Oak Park next to Cook County and Illinois
Measure
Oak Park
Cook County
Illinois
U.S.
Typical home value
$465,500 ▲43% above the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,593 ▲11% above the county
$1,435
$1,274
$1,413
Typical yearly household income
$110,820 ▲33% above the county
$83,498
$83,390
$80,734
Households that own their home
60% ▲2 points above the county
58%
67%
65%
Typical yearly property tax
$10,001 ▲62% above the county
$6,191
$5,298
$3,119
Effective property tax rate
2.15% ▲0.24 points above the county
1.91%
2.01%
0.94%
Renters with high rent for their income
43% ▼5 points below the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Oak Park
For a typical $465,500 home in Oak Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Oak Park's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,330a month
Least cash to close
Down payment
$16,293
Cash to close
$30,258
Rate
7.18%
Mortgage insurance
FHA MIP · $206
Conventional, 5% down$4,245a month
Down payment
$23,275
Cash to close
$37,240
Rate
7.18%
Mortgage insurance
PMI · $221
Conventional, 20% down, no PMI$3,551a month
Down payment
$93,100
Cash to close
$107,065
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,981a month
Down payment
$69,825
Cash to close
$83,790
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Oak Park
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,330
$16,293
$457,069
7.18%
FHA MIP · $206
$30,258
580
Conventional, 5% down
$4,245
$23,275
$442,225
7.18%
PMI · $221
$37,240
620*
Conventional, 20% down, no PMI
$3,551
$93,100
$372,400
7.18%
None
$107,065
620*
ITIN, 15% down (example)
$3,981
$69,825
$395,675
8.18%
None
$83,790
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Oak Park is $1,593 a month: 11% above the county. In Oak Park, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cook County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Cook County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,678
$32.27
$67,120
1 bedroom
$1,780
$34.23
$71,200
2 bedrooms
$2,011
$38.67
$80,440
3 bedrooms
$2,586
$49.73
$103,440
4 bedrooms
$2,954
$56.81
$118,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Oak Park
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Oak Park has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,820 in 60304 to $3,020 in 60301.
1 of the 3 is above the fair market rent for Cook County ($2,011).
2-bedroom fair market rent in each of the 3 ZIP codes of Oak Park, beside the one for Cook County. For 2 bedrooms it runs from $1,820 in 60304 to $3,020 in 60301. 1 of the 3 is above the fair market rent for Cook County ($2,011).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $2,011
Lowest: $1,820 (60304)Highest: $3,020 (60301)
Fair market rent by ZIP code and size in Oak Park, fiscal year 2027.
HUD lists 2 buildings with rents for lower incomes in Oak Park. These are the largest.
Heritage House Apartments, LLC201 Lake St, Oak Park 60302200 low-income homes · For older adults(708) 848-1800
Mills Park Tower1025 Pleasant Pl, Oak Park 60302198 low-income homes · Run by Housing Authority of the Village of Oak Park · Average payment: $491 a month · Average wait: 14 months(708) 386-9322
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Oak Park or Cook County. The ones below are statewide in Illinois: they work in Oak Park the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Oak Park or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Oak Park and all of Cook County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Oak Park?
The typical home value in Oak Park is $465,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.
How much does it cost to rent in Oak Park?
Typical rent in Oak Park is $1,593 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.
What is the FHA loan limit in Oak Park?
Oak Park uses the FHA limit for all of Cook County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Oak Park?
The typical homeowner in Oak Park pays $10,001 a year, according to the U.S. Census Bureau. That is 2.15% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Oak Park?
There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
