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Oak Park village, IL

ZIP 60302 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60302

Median Home Value
$450,700
Median Rent
$1,282
Affordability Snapshot
$124,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,895/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60302 in Oak Park village, IL, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,895. That is about 27% above the local median household income ($97,414), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
62.2%-5% vs US avg
x
Vacancy Rate
6.7%-35% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
31.1%-19% vs US avg
x
$450,700
Home Value
$1,282
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached35.2%
  • 1-unit attached4.0%
  • 2-9 units22.3%
  • 10+ units38.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$450,700
Median rent$1,282
Owner-occupied62.2%
Vacant6.7%
Price-to-income4.6x
Est. income to buy$124,000