The median home in Oak Park, Michigan is valued at $225,250, up 1.7% year over year. Typical monthly rent is $1,410, producing a price-to-rent ratio of 13.3x — below the national average of 18x. Oak Park is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$225,250

+1.7%

Rent$1,410/mo

AFFORDABILITY

Enter your income for Oak Park.

Income (annual)

Down Payment

$45,050 on $225,250

Affordable — 25% of income

Under the 28% guideline.

PITI$1,561

P/I25%

Afford$253K

Room+$27K

P&I $1,139Tax $289Ins $133

Renting $151/mo cheaper ($1,410 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

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

Other cities in Michigan

Compare Oak Park with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

OAK PARK, MI