< back to the Housing Market Indicators Data Portal

Oak Park

Oak Park is a village adjacent to the West Side of Chicago, Illinois. It is the 29th largest municipality in Illinois as measured by population in the 2010 U.S. census. As of the 2010 United States Census the village had a population of 51,878.Oak Park was settled beginning in the 1830s, with rapid growth later in the 19th century and early 20th century. It incorporated in 1902, breaking off from Cicero. Development was spurred by railroads and street cars connecting the village to jobs in Chicago. Architect Frank Lloyd Wright and his wife settled here in 1889. Population peaked at 66,015 in 1940. Smaller families led to falling population in the same number of homes and apartments. In the 1960s, Oak Park faced the challenge of racial integration, devising many strategies to integrate rather than resegregate the village. Oak Park includes three historic districts for the historic homes: Ridgeland, Frank Lloyd Wright and Seward Gunderson, reflecting the focus on historic preservation. (Source: Wikipedia)

Housing stock map

See the share of the area's total housing units that are in single family homes, condominiums, two-to-four unit buildings, buildings with five to 49 units, and buildings with 50 units or more.


The Composition of Cook County’s Housing Market >

Housing market indicators

All of these property level data sets are connected to parcel-level data files from the county Assessors offices that include data on every parcel in the Chicago metropolitan area. All of these parcel-level data sets include historical data and are updated on a regular basis ranging from every week to every year depending on the data set.

Housing Stock Composition

The composition of a neighborhood’s housing stock determines the appropriate targeted strategies for stabilizing local housing markets. Learn more about this data set.

"

Housing Units by Property Type


Property Type 2019
Single Family 40.9%
Condominium 20.2%
Building with 2-4 Units 9.2%
Building with 5+ Units 29.6%


Property Sales Activity

This indicator provides information on how active local residential property markets are, what types of properties are being purchased, who is buying them, and how much buyers are paying for properties.

Total Sales Activity

This is the total number of property sales in a given year. In Cook County, data are broken out separately for total sales activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 1,373 1,212 1,013 654 593 568 567 683 902 901 861 1,042 1,042 979 1,000
Single Family 659 575 469 383 372 354 356 428 549 559 512 650 561 541 471
Condominium 634 574 497 248 188 173 161 206 291 276 287 336 415 368 468
Building with 2-4 Units 65 52 37 16 29 32 43 40 56 53 52 43 57 56 48
Building with 5+ Units 15 11 10 7 4 9 7 9 6 13 10 13 9 14 13


Sales per 100 Residential Parcels

This indicator allows users to compare the level of property sales activity across geographies. This data point represents the total number of sales on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 8.0 7.1 5.9 3.8 3.5 3.3 3.3 4.0 5.5 5.5 5.2 6.3 6.3 5.9 6.0


Share of Sales, Business Buyers

This represents a range of investor types from small mom-and-pop investors to large Wall Street-traded equity funds. Heightened levels of single family homes purchased by business buyers is often indicative of a distressed and low priced inventory of homes, and low demand for owner-occupied housing in a neighborhood. In Cook County, this data point is available as the share of total sales activity where the buyer was a business entity by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 7.5% 5.7% 6.2% 8.0% 6.4% 10.7% 11.5% 13.2% 12.3% 12.8% 9.3% 10.2% 11.9% 9.8% 23.4%
Single Family 7.7% 5.9% 6.0% 7.0% 7.0% 8.8% 10.4% 11.0% 12.2% 12.5% 8.2% 9.8% 9.6% 8.9% 10.4%
Condominium 4.3% 4.5% 4.8% 6.0% 2.7% 9.2% 7.5% 11.7% 8.6% 9.1% 8.0% 6.0% 10.6% 7.6% 34.4%
Building with 2-4 Units 20.0% 3.8% 13.5% 18.8% 13.8% 18.8% 20.9% 25.0% 26.8% 17.0% 11.5% 25.6% 29.8% 12.5% 25.0%
Building with 5+ Units 80.0% 63.6% 60.0% 100.0% 75.0% 88.9% 100.0% 100.0% 66.7% 84.6% 90.0% 84.6% 100.0% 92.9% 92.3%


Share of Sales, Extremely Low Value

This represents the percent of sales that were purchased for less than $20,000 in a given year. In Cook County, this data point is available as the share of total sales activity that sold for less than $20,000 by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 0.4% 0.8% 0.5% 0.8% 0.5% 0.9% 0.5% 0.4% 0.7% 0.7% 0.3% 0.2% 0.4% 0.2% 0.2%
Single Family 0.3% 0.7% -- -- 0.3% 0.3% -- -- 0.2% -- 0.2% 0.2% 0.2% -- --
Condominium 0.5% 1.0% 0.8% 2.0% 1.1% 2.3% 1.2% 1.5% 1.7% 2.2% 0.3% 0.3% 0.7% 0.5% 0.4%
Building with 2-4 Units -- -- 2.7% -- -- -- 2.3% -- -- -- 1.9% -- -- -- --


Mortgage Activity

These data measure the flow of mortgage credit into an area and indicates the level of lender investment. The level of mortgage activity in a neighborhood relative to other areas can assess how access to credit has changed over time in a community and how the flow of credit differs across geographies and for different property types.

Total Mortgage Activity

This is the total number of mortgages in a given year. In Cook County, data are broken out separately for total mortgage activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 4,738 4,156 3,703 2,716 3,068 2,799 2,371 3,019 2,577 1,760 2,047 2,535 1,943 1,600 1,753
Single Family 3,042 2,635 2,409 1,990 2,419 2,266 1,866 2,369 1,859 1,300 1,583 1,971 1,387 1,095 1,266
Condominium 1,361 1,206 1,057 573 494 406 334 457 535 306 326 406 418 366 354
Building with 2-4 Units 288 266 193 114 124 99 121 142 124 108 115 110 105 100 80
Building with 5+ Units 47 49 44 39 31 28 50 51 59 46 23 48 33 39 53


Mortgages per 100 Residential Parcels

Mortgages  per 100 Residential Parcel


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 27.6 24.2 21.6 15.8 17.9 16.3 13.8 17.6 15.7 10.7 12.3 15.3 11.7 9.6 10.6


Foreclosure Filing Activity

This is an indicator of distress in a local housing market and viewing changing levels of activity allows for an understanding of the evolving nature of the foreclosure crisis in a neighborhood.

Total Foreclosure Filings Activity

This is the total number of new foreclosure filings in a given year. In Cook County, data are broken out separately for foreclosure filing activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 82 112 194 217 244 297 296 286 188 109 95 87 86 89 95
Single Family 55 76 113 121 127 146 147 149 88 50 62 49 51 52 53
Condominium 14 30 57 59 85 122 123 119 88 55 30 29 23 26 32
Building with 2-4 Units 12 5 22 36 28 25 26 17 12 4 3 9 10 11 9
Building with 5+ Units 1 1 2 1 4 4 -- 1 -- -- -- -- 2 -- 1


Foreclosure Filings per 100 Residential Parcels

This indicator allows users to compare the level of foreclosure filing activity across geographies. This data point represents the total number of foreclosure filings on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 0.5 0.7 1.1 1.3 1.4 1.7 1.7 1.7 1.1 0.7 0.6 0.5 0.5 0.5 0.6


Cumulative Foreclosure Filings Activity



Property Type 2019
All Residential Properties 11.8%


Foreclosure Auctions

These are properties that have completed the foreclosure process. Understanding foreclosure auction activity helps determine the flow of year-over-year of REO (real estate owned) properties into a market, how third-party demand at auctions differs based on property types, and the density of REO activity across geographies. The level of completed foreclosure auctions activity in a neighborhood indicates distress in a local housing market.

Total Auction Activity

This is the total number of completed foreclosure auctions in a given year. In Cook County, data are broken out separately for total auction activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 13 14 36 70 76 78 74 129 97 96 66 59 35 41 37
Single Family 7 4 20 46 37 30 31 46 33 40 38 28 15 25 19
Condominium 6 6 13 19 23 34 38 79 58 52 26 24 15 13 14
Building with 2-4 Units -- 4 3 5 16 11 5 4 6 4 2 7 5 3 4
Building with 5+ Units -- -- -- -- -- 3 -- -- -- -- -- -- -- -- --


Share of Auctions Resulting in REO

This is the percent of completed foreclosure auctions in a given geography where there were no bidders and the property became bank-owned REO (real estate owned).


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 69.2% 85.7% 94.4% 97.1% 94.7% 98.7% 93.2% 95.3% 92.8% 82.3% 81.8% 72.9% 77.1% 75.6% 75.7%
Single Family 71.4% 50.0% 90.0% 97.8% 91.9% 100.0% 87.1% 91.3% 87.9% 75.0% 81.6% 71.4% 86.7% 88.0% 89.5%
Condominium 66.7% 100.0% 100.0% 94.7% 95.7% 97.1% 100.0% 97.5% 96.6% 88.5% 80.8% 79.2% 66.7% 53.8% 57.1%
Building with 2-4 Units -- 100.0% 100.0% 100.0% 100.0% 100.0% 80.0% 100.0% 83.3% 75.0% 100.0% 57.1% 80.0% 66.7% 75.0%
Building with 5+ Units -- -- -- -- -- 100.0% -- -- -- -- -- -- -- -- --


REO per 100 Residential Parcels


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 0.1 0.1 0.2 0.4 0.4 0.4 0.4 0.7 0.5 0.5 0.3 0.3 0.2 0.2 0.2


Population and Age

Population and Age


Indicator Value
Total Population 52,233
Share of Population Aged under 18 24.3%
Share of Population Aged 18 to 44 33.8%
Share of Population Aged 45 to 64 27.2%
Share of Population Aged over 65 14.7%


Race and Ethnicity

Race and Ethnicity


Indicator Value
Share of Population that is White 63.2%
Share of Population that is African American 17.9%
Share of Population that is Hispanic or Latino 8.9%
Share of Population that is Asian 4.7%
Share of Population that is Some Other Race 5.3%


Household Income

Household Income


Indicator Value
Total Households 21,603
Share of Households with Income Less than $25,000 15.5%
Share of Households with Income $25,000 to $50,000 11.1%
Share of Households with Income $50,000 to $100,000 25.2%
Share of Households with Income $100,000 or More 48.2%


Poverty Rate

Share of Population that is under the Poverty Level


Indicator Value
Share of Population that is under the Poverty Level 7.7%


Resident Tenure

Total Households


Indicator Value
Total Households 21,603


Share of Households that are Owner-Occupied


Indicator Value
Share of Households that are Owner-Occupied 59.5%


Share of Households that are Renter-Occupied


Indicator Value
Share of Households that are Renter-Occupied 40.5%


Cost Burdened Households

Share of Owner-Occupied Households that are Cost-Burdened


Indicator Value
Share of Owner-Occupied Households that are Cost-Burdened 24.6%


Share of Renter-Occupied Households that are Cost-Burdened


Indicator Value
Share of Renter-Occupied Households that are Cost-Burdened 44.6%


Share of All Households that are Cost-Burdened


Indicator Value
Share of All Households that are Cost-Burdened 32.5%