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Foreclosure Homes in Oak Park, MI

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Kenosha-st-Oak-park-MI-48237
Preforeclosure NEW
$135,405 EMV

Kenosha St
Oak Park, MI 48237

3 Bed | 2 Bath | 1,140 Sq. Ft.

Northend-ave-Oak-park-MI-48237
Preforeclosure NEW
$157,845 EMV

Northend Ave
Oak Park, MI 48237

3 Bed | 2 Bath | 1,496 Sq. Ft.

5 Majestic-st-Oak-park-MI-48237
Preforeclosure
$166,961 EMV

Majestic St
Oak Park, MI 48237

3 Bed | 2 Bath | 1,078 Sq. Ft.

5 Radclift-st-Oak-park-MI-48237
Preforeclosure
$191,420 EMV

Radclift St
Oak Park, MI 48237

3 Bed | 3 Bath | 1,977 Sq. Ft.

W-10-mile-rd-002042-Oak-park-MI-48237
Bankruptcy

W 10 Mile Rd 002042
Oak Park, MI 48237

| 96,880 Sq. Ft.

Morton-st-Oak-park-MI-48237
Bankruptcy
$160,905 EMV

Morton St
Oak Park, MI 48237

Dartmouth-st-Oak-park-MI-48237
Bankruptcy
$161,075 EMV

Dartmouth St
Oak Park, MI 48237

3 Bed | 1.5 Bath | 1,463 Sq. Ft.

Beverly-st-Oak-park-MI-48237
Bankruptcy
$130,560 EMV

Beverly St
Oak Park, MI 48237

3 Bed | 1 Bath | 1,647 Sq. Ft.

Dartmouth-st-Oak-park-MI-48237
Bankruptcy
$139,655 EMV

Dartmouth St
Oak Park, MI 48237

Joan-st-Oak-park-MI-48237
Bankruptcy
$131,187 EMV

Joan St
Oak Park, MI 48237

Displaying 1 - 10 of 14

Foreclosure Homes in Oak Park, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Oak Park, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Oak Park, MI and much more. Save thousands at closing with home foreclosure listings in Oak Park, MI — up to 75% off market value!


Top Reasons To Live In Oak Park, MI In 2021

Oak Park is located in Oakland, Michigan, with an estimated municipal population of 29,431 residents. All of the best foreclosed homes for sale in Oak Park are located in the following zip code areas on Foreclosure.com: 48237. The estimated population per square kilometer (.62 miles) in Oak Park is 2,204.


Cost Of Living In Oak Park, MI

So, about how much do homes cost in Oak Park? The most recent median value of resident-owned homes in Oak Park is 117,614. An estimated 55.8 percent of households in Oak Park own their homes, with an average family size of 3.39. The median household income in Oak Park is 52,584, with18.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oak Park, the median commute time of resident workers (in minutes) is 22.1. And last, but certainly not least, are you looking for homes to rent in Oak Park? If so, the average rent price paid by renters in Oak Park is 1,120, according to recent statistics.


Diversity And Demographics In Oak Park, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oak Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Oak Park is 37.8, split between 45.6 percent male versus 54.4 female. The percentage of residents who report being married in Oak Park is 33.8, with an average family size of 3.39.

The percentage of residents who report their race in Oak Park is as follows:

White 37.2%
Black / African American 56.1%
Asian 1.6%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.3%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Oak Park? Or maybe you are searching for 55+ active adult communities in and/or near Oak Park?

The percentage of residents who report their age in Oak Park is as follows:

Under 10 11.4%
Aged 10-19 11.4%
20s 16%
30s 13.6%
40s 12.5%
50s 11.6%
60s 14.1%
70s 5.9%
80+ 3.4%

Best Schools In Oak Park, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oak Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oak Park.


Pros And Cons Of Living In Oak Park, Michigan

How do you know that living in -- or moving to -- Oak Park is right where you need to be? Perhaps you grew up in Oak Park or already live nearby; therefore, the decision to buy a home in Oak Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oak Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oak Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oak Park.


Reasons To Move To Oak Park, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oak Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oak Park, meanwhile, can field multiple offers from more qualified buyers.

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