Oak Park, IL housing market
Homes typically sell in 48 days, a little above asking.
Home values, sales, trends and how Oak Park compares with the towns next door — updated as new data is published.
Oak Park at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 36% in 5 years
The federal house price index for the ZIP codes around Oak Park rose 36% over the past 5 years, slower than across Illinois (47%). Last year prices rose 6.1%. Carrying the Census median home value forward with that index puts the typical Oak Park home at roughly $553,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +6.1% | +116% | +96% |
| 2024 | +6.7% | +104% | +85% |
| 2023 | +5% | +91% | +73% |
| 2022 | +9.1% | +82% | +61% |
| 2021 | +4.7% | +67% | +44% |
| 2020 | +0.8% | +59% | +33% |
| 2019 | −0.1% | +58% | +32% |
| 2018 | −0.1% | +58% | +28% |
| 2017 | +2% | +58% | +25% |
| 2016 | +4.1% | +55% | +22% |
| 2015 | +1.6% | +49% | +19% |
| 2014 | +5.2% | +47% | +15% |
| 2013 | +1.7% | +40% | +11% |
| 2012 | −0.6% | +37% | +11% |
| 2011 | −4.5% | +38% | +14% |
| 2010 | −6% | +45% | +21% |
| 2009 | −6.6% | +54% | +29% |
| 2008 | −2.6% | +65% | +40% |
| 2007 | +1% | +69% | +45% |
| 2006 | +7.8% | +67% | +43% |
| 2005 | +10% | +55% | +35% |
| 2004 | +9.8% | +41% | +24% |
| 2003 | +6.1% | +28% | +15% |
| 2002 | +9.4% | +21% | +11% |
| 2001 | +10% | +10% | +5.6% |
| 2000 | — | — | — |
How Oak Park ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 60302, 60304, 60301, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2025
No permits for new homes were issued in Oak Park in 2025. The last year with any was 2023 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Oak Park gained 2,705 residents while 1,336 new homes were permitted: about 2 new residents per new home. Building and growth moved roughly in step.
How Oak Park ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $376,000 |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $67,000 |
| 2022 | 46 | 2 | 44 | $12.7 million |
| 2021 | 43 | 1 | 42 | $12.9 million |
| 2020 | 1 | 1 | 0 | $500,000 |
| 2019 | 65 | 18 | 47 | $16.2 million |
| 2018 | 313 | 9 | 304 | $27.7 million |
| 2017 | 294 | 3 | 291 | $60.4 million |
| 2016 | 290 | 20 | 270 | $37.7 million |
| 2015 | 29 | 29 | 0 | $6 million |
| 2014 | 280 | 10 | 270 | $74.4 million |
| 2013 | 1 | 1 | 0 | $350,000 |
| 2012 | 62 | 2 | 60 | $12.2 million |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $835,000 |
| 2009 | 4 | 4 | 0 | $1.8 million |
| 2008 | 38 | 23 | 15 | $6.9 million |
| 2007 | 67 | 35 | 32 | $9.6 million |
| 2006 | 76 | 60 | 16 | $13.4 million |
| 2005 | 68 | 6 | 62 | $7.2 million |
| 2004 | 13 | 6 | 7 | $1.9 million |
| 2003 | 13 | 13 | 0 | $2 million |
| 2002 | 13 | 13 | 0 | $2 million |
| 2001 | 14 | 14 | 0 | $2.1 million |
| 2000 | 6 | 6 | 0 | $1.2 million |
Oak Park's permit office reported 1 of 12 months in 2025; the Census estimated the rest.
How Oak Park ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Oak Park and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Oak Park | — | +6.1%† | $1,770 | 0 | $110,820 |
| Oak Park | $487K | +10.7% | $1,770 | — | $110,820 |
| Chicago | $334K | +5.2% | $1,680 | 3,916 | $77,902 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical Oak Park home costs about 4.2 years of the town's median household income, more than across Illinois (3.6 years).
How Oak Park ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,770
HUD's Fair Market Rent for a two-bedroom in Oak Park is $1,770 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oak Park pay a median of $1,593, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $1,470 · 4 bedrooms $2,650
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (60301, 60302, 60304; Chicago-Joliet-Naperville, IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Oak Park
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.