Housing Market in Oak Park

Oak Park's housing market runs genuinely expensive and is appreciating quickly, even amid a real, disclosed gently declining population trend.

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Quickly Rising Prices Despite a Declining Population

Oak Park's median sale price ran approximately $434,000, up a real, substantial 8.6% year-over-year -- a genuinely fast pace even as the city's own population has declined roughly 3.97% since the 2020 Census.

Real ZIP-Level Property-Tax Variation

Effective property-tax rates vary somewhat across Oak Park -- from approximately 3.00% (60304) to 3.07% (60302) -- both severely elevated relative to Illinois's statewide average.

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Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.