Explore US City Oak Park, IL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Oak Park, IL real estate snapshot: Pulse Score 52.17782283336507, cap rate 6%, median price $199,500. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
Pulse Score
C+
Cap Rate
6%
Investor Friendly Score
54%
Median Price
$199,500
Market Insights
With only 2.1 months of inventory, Oak Park remains a seller's market. Home prices have decreased 15.1% in the past month. With 2.1 months of supply, Oak Park's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is 3 days longer than this time last year. Approximately 46.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Oak Park market with the affordability index at 57.8. Based on current market indicators, home prices in Oak Park are projected to increase by approximately 97.2% over the next month.
Demographics market for - Oak Park, IL
Total Population -
51,391
White Race
67%
African American Race
19%
Crime for City - Oak Park, IL
Real Estate Market Prediction for - Oak Park, IL
City Hotspots Map
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Nearby Cities From Oak Park, IL
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FAQ about Oak Park, IL
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Oak Park, IL for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Oak Park, IL.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Oak Park, IL?
A median-priced home ($199,500) at the average rent ($1,213/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$703/mo
Cash flow on a median home
-15.1%
Cash-on-cash return
0.31
DSCR
$2,516/mo
Rent needed for a 1.25 DSCR
$2,599/yr
Landlord insurance, hazard-adjusted