What is the average home price in Oak Park, IL 60301?

As of May '26, the median home price in Oak Park, IL 60301 is $308,000, based on Zillow home estimates.

How have home prices in Oak Park, IL 60301 changed over the past year?

As of May '26, home prices have increased 6.3% over the past year, according to Zillow home estimates data.

What is the home price projection for Oak Park, IL 60301?

As of May '26, Zillow projects home prices in Oak Park, IL 60301 to increase 2.6% in the next year.

What are the demographics of Oak Park, IL 60301?

According to the latest Census, the demographics of Oak Park, IL 60301 are 57.3% White, 15.9% Black, 9.5% Asian, 11.5% Hispanic. The population is 3,510, with 10.1% under 18 years old.

How long does it take homes to sell in Oak Park, IL 60301?

According to Realtor.com, as of May '26, the median home in Oak Park, IL 60301 is on the market for 13 days. This is an increase of 33.0% from last year.

What is the average rent price in Oak Park, IL 60301?

The average rent price in Oak Park, IL 60301, as of the latest data, is $2,260. The average rent for 1 bedroom homes is $2,000. For 2, 3, and 4 bedroom homes, the average rent is $2,590, N/A, and N/A respectively.

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Oak Park, IL—60301

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$308,000

6.3% YoY Growth

Household Income

$103,000

28.9% YoY Growth

Days on Market

33.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$2,200

12.4% YoY Growth

1-Bed Rent

$1,950

6.1% YoY Growth

2-Bed Rent

$2,250

9.4% YoY Growth

3-Bed Rent

N/A

Other Zip Codes in Oak Park, IL

60302 60304

Home Price Trends — Oak Park, IL

As of May '26, the median home price in Oak Park, IL is $308,000, with a year-over-year change of 6.3%. This indicates that home prices in Oak Park, IL are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$308,000	6.3%
Single Family	N/A	N/A
Condos	$277,000	7.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$338,000	-17.0%
Listing Count	5	-7.0%
Listings as % of Homes	0.2%	-7.0%
Days on Market	13	33.0%

Metric	Latest Census	YoY % Change
Population	3,510	38.3%
% Under 18	10.1%	17.4%
% Seniors	9.1%	-57.1%
% WFH	29.8%	1,003.7%
% w/ College Degree	79.0%	9.9%

Metric	Zip Code Average
Total Loan Originations	65
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	5.0%

Total Units under HUD	41
Total Units Section 8	41
% Rentals under Section 8	1.9%
% Occupied Section 8	76.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$390	$1,950	$2,340
2 Bedroom	$390	$2,250	$2,640
3 Bedroom	N/A	N/A	$3,390
4 Bedroom	N/A	N/A	$3,980

Oak Park, IL—60301

Key Metrics at a Glance

Other Zip Codes in Oak Park, IL

Home Price Trends — Oak Park, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oak Park, IL

% of Rental Stock

Property Listings — Oak Park, IL

Demographics — Oak Park, IL

Race and Ethnicity

Mortgage and Risk — Oak Park, IL

Mortgages

Rentals and Section 8 — Oak Park, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Oak Park, IL

Home Price to Income Ratio

Oak Park, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Oak Park, IL

Oak Park, IL

River Forest, IL

Forest Park, IL

Elmwood Park, IL

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,260
Studio Rent	$1,840	$1,760
1 Bed Rent	$1,950	$2,000
2 Bed Rent	$2,250	$2,590
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Metric	Latest Census	5-Year % Change
% White	57.3%	10.0%
% Black	15.9%	-34.6%
% Hispanic	11.5%	-5.7%
% Asian	9.5%	-20.2%
% Foreign Born	14.4%	-21.3%

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$308,000
Median Household Income	$103,000