Oak Park Real Estate - Find Your Perfect Home For Sale!
Oak Park - Town vs. County Stats
Avg Price in Oak Park: $142,900 / County Avg $460,000
Avg Taxes in Oak Park: $2,000 / County Avg $4,800
Avg Sq. Ft. in Oak Park: 1,280 / County Avg 2,403
Avg Price per/ft2 in Oak Park: $112 / County Avg $191
Avg Walkscore in Oak Park: 50 / County Avg 29
Avg Year Built in Oak Park: 1955 / County Avg 1976
Avg Days on Website in Oak Park: 39 / County Avg 79
Oak Park Real Estate Market Health
This area was designated as within Royal Oak Township; it was first settled by European Americans in 1840, but remained sparsely populated for many decades following. The first major housing development was constructed in 1914 at the time of World War I, when the township sold land to the Majestic Land Company to be developed as the Oak Park subdivision. The subdivision was incorporated as a village on May 3, 1927. Two petition drives during the Great Depression to dissolve the village government and return it to the township, citing "excessively high cost of village government," failed in 1931 and 1933, respectively. The village incorporated as city on October 29, 1945 following the end of World War II.
Stimulated by the GI Bill which aided veterans in buying new housing, highways to improve commuting, and planned developments in the late 1950s, Oak Park from 1950 to 1960 was named as "America's Fastest Growing City". Its population increased sevenfold, from 5,000 to more than 36,000. Much of its population were second and third-generation children of European immigrants who had settled in Detroit in the early 20th century. These included many Jewish Americans descended from immigrant ancestors from the Russian Empire, including present-day Poland and Ukraine. Major civic improvements in this period included construction of an outdoor swimming pool and an ice rink in Major Park (now known as Shepherd Park, after former mayor David Shepherd, but long known informally as Oak Park Park).
In 1995 Detroit based window manufacturer, WeatherGard moved its headquarters to Oak Park.
In 2002 and 2004, the city annexed portions of neighboring Royal Oak Township to expand its land and tax base.
On November 8, 2011 the citizens of Oak Park elected a new mayor, Marian McClellan. Mayor McClellan is the city's first new mayor in 22 years, replacing the long-serving Jerry Naftaly.
In April 2015, the city approved the development of a new FedEx distribution center which will be located on a 60-acre plot of land at the site of the former Detroit Artillery Armory.
On May 5, 2015 the citizens of Oak Park voted to allow mixed drinks to be sold at businesses within city limits; in addition to beer and wine which was previously allowed.
On November 3, 2015 the citizens of Oak Park re-elected Marian McClellan who was running against Aaron Tobin, who was also running for the position of Mayor of Oak Park.
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