The median home in Oak Park, Illinois is valued at $438,471, up 9.0% year over year. Typical monthly rent is $2,119, producing a price-to-rent ratio of 17.2x — near the national average of 18x. Oak Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$438,471

+9.0%

Rent$2,119/mo

AFFORDABILITY

Enter your income for Oak Park.

Income (annual)

Down Payment

$87,694 on $438,471

Out of reach — 50.9% of income

Need $136,371/yr to afford.

PITI$3,182

P/I50.9%

Afford$241K

Gap-$197K

P&I $2,217Tax $815Ins $150

Renting $1,063/mo cheaper ($2,119 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Oak Park with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

OAK PARK, IL