Home Values

Oak Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$337,400

  • 2.7% 1-year change
  • 2.0% 1-year forecast

The median home value in Oak Park is $337,400. Oak Park home values have gone up 2.7% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Oak Park is None. The median rent price in Oak Park is $1,450, which is lower than the Chicago Metro median of $1,600.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oak Park is 3.6%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oak Park homeowners underwater on their mortgage is 17.7%, which is lower than Chicago Metro at 23.7%.

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Relative ZHVI
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Oak Park Market Overview

Data through May 31, 2015
  • $337,400 ZHVI
  • 2.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $359,300 Median sale price
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Oak Park Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 17.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
River Forest $496,000
Riverside $350,200
Elmwood Park $182,800
Name Median ZHVI
North Riverside $169,200
Berwyn $152,200
River Grove $150,500
Name Median ZHVI
Forest Park $149,900
Maywood $110,800
Cicero $102,300

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $240 Median sale price / sq ft
  • No data Listings with price cut
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Oak Park Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,971 Oak Park
    $1,620 Chicago Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,450 Rent list price
  • No data Rent list price / sq ft
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