Oak Park, MI — Momentum Score, Home Values & Best-For

All states·Michigan·Oak Park

Oakland County · Detroit-Warren-Dearborn · population 29,402

First-time buyers
Oak Park, MI
Image: Wikipedia · Oak Park, Michigan
OverviewCost of livingMoving guide
View watchlist →
65
Rising
Momentum score · 0–100

Where Oak Park stands

At or near all-time high.

Median home $236,077
1-year +1.9%
5-yr CAGR +4.3%
vs 5-yr peak -0.2%
Population -0.1%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-03$236k$90k$142k$194k$246k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
78/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,488/mo$1,205$1,392$1,578202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent118115100120202220242026

Rent vs buy

Price-to-rent ratio: 13.2
Buy

At a 13.2 price-to-rent ratio, buying generally beats renting in Oak Park on a long-enough horizon. The headline math is that one year of mortgage payments approximates 13.2 years of rent — well below the 15+ threshold where ownership starts to dominate.

How the momentum score breaks down

methodology →
Home YoY
59 · w22%
Home 5-yr CAGR
61 · w22%
Distance from peak
89 · w18%
Population growth
43 · w16%
Rent YoY
62 · w12%
Home 10-yr CAGR
86 · w10%
Long thesis

Oak Park has held up across the cycle: home values at $236,077 with +4.3% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Oak Park's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Oak Park

Oak Park is a city in Oakland County, Michigan, with an estimated population of 29,402. It anchors the Detroit-Warren-Dearborn metro area. The median home value in Oak Park is $236,077 as of 2026-04, up 1.9% over the last 12 months. Over the last five years, home values have averaged +4.3% annual growth, with prices at or near the 5-year peak. Rents in Oak Park average $1,488 per month, roughly flat year-over-year (+2.5%). The composite momentum score is 65 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Held the highs: currently -0.2% from the 5-year peak — this market refused to give back gains.
○The data is the data: Oak Park has at least 5 years of Zillow tracking, full Census identification, and is included in the 2-criteria momentum score on this page.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Oak Park (Wikipedia)

Oak Park is a city in Oakland County in the U.S. state of Michigan. An inner-ring suburb of Detroit, Oak Park borders Detroit to the north, roughly 14 miles (22.5 km) northwest of downtown Detroit. As of the 2020 census, the city had a population of 29,560.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Oakland County right now.

NWS active alerts (MI)Michigan Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Oakland County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Oak Park

Romulus, MI66 · RisingBerkley, MI64 · RisingWyandotte, MI66 · RisingYpsilanti, MI65 · Rising

Run the numbers for Oak Park

ToolCan I afford Oak Park?Income → city shortlistToolROI on a Oak Park rentalCap rate, cash-on-cash, DSCRToolCompare Oak Park to anywhereSide-by-side up to 3 citiesToolOak Park cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
30° / 16°
avg high / low
Summer (Jul)
82° / 61°
avg high / low
Sunny days/yr
175
~48% of year
Annual precip
33″ rain
50″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Moderate
Wildfire
Very low
Earthquake
Very low
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Detroit-Warren-Dearborn area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Oak Park listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
72%
Humid climate
Median household income
$68,500
Michigan state median
Top industries (state-level)
Manufacturing (auto)HealthcareTech (Detroit)

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to Oak Park

Explore other places with comparable momentum or affordability.

See all Michigan cities →    Browse best-of lists →