Home prices
The median home in Oak Park is valued at $117,700. In comparison to the surrounding areas it is approximately $135,960 (53%) lower.Compared to the rest of the nation it is roughly $99,800 (45%) lower, and in comparison to the city of Detroit it is about $68,500 (139%) higher.
Rents
The median rent in Oak Park is $1,120 a month. It is roughly $248 (18%) lower in comparison to the surrounding areas.Compared to the US as a whole it is about $58 (5%) higher, and it is roughly $296 (35%) higher in comparison to the city of Detroit.
Nearby places
Huntington Woods
Huntington Woods is Oak Park's neighbor to the northeast. Real estate prices there are significantly more expensive. Huntington Woods's median home value is $362,900, which comes out to $245,200 (67%) higher than Oak Park. The rent there is significantly more expensive. In Huntington Woods the median rent is $2,014 per month, which is $894 (44%) higher than Oak Park.
Pleasant Ridge
Pleasant Ridge is Oak Park's neighbor to the east. The real estate prices there are significantly more expensive. The value of the median home in Pleasant Ridge is $346,100, which is $228,400 (65%) higher than Oak Park. Its rents are a bit more expensive. Pleasant Ridge's median monthly rent is $1,445, which is $325 (22%) higher than Oak Park.
Berkley
Berkley is Oak Park's neighbor to the north. Housing prices there are significantly more expensive. The median home in Berkley costs $199,200, which works out to $81,500 (40%) higher than Oak Park. The rent there is fairly similar. In Berkley the median rent is $1,115 per month, which is very similar to Oak Park.
Ferndale
Ferndale is Oak Park's neighbor to the east. Real estate prices there are somewhat more expensive. The median home value in Ferndale is $162,000, which works out to $44,300 (27%) higher than Oak Park. Its rents are somewhat less expensive. In Ferndale the median monthly rent is $1,032, which comes out to $88 (8%) lower than Oak Park.
Lathrup Village
Lathrup Village is roughly 2 miles northwest from Oak Park. The real estate prices there are a lot more expensive. The median home cost in Lathrup Village is $198,100, which works out to $80,400 (40%) higher than Oak Park. Rent there is a little more expensive. The median monthly rent in Lathrup Village is $1,234, which comes out to $114 (9%) higher than Oak Park.
