What HUD offices serve Oak Park, Michigan?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Oak Park.
How many renters live in Oak Park, Michigan?
The City of Oak Park has people living in households.
There are renters living in renter households in this City. Renters make up 41.81 percent of the population living in Oak Park.
What is the rental market like in Oak Park, Michigan?
There are an estimated housing units in the Oak Park area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Oak Park, Michigan, there are 1.04 rental units.
What is the vacancy rate for rentals in Oak Park?
The rental vacancy rate in Oak Park is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Oak Park for each bedroom size?
Occupied Rental Units by Size in Oak Park
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 198 | 1,092 | 1,615 | 2,218 | 106 |
Occupied Rental Units by Size in Oak Park
A large number of apartments in Oak Park have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Oak Park
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $920 to $1,719. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $920 |
| One BR | $1,019 |
| Two BR | $1,291 |
| Three BR | $1,595 |
| Four BR | $1,719 |
2024 Fair Market Rents in Oak Park, Michigan
How many units are rented at Fair Market Rent (FMR) in Oak Park?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 168 | 85 percent |
| One BR | 857 | 78 percent |
| Two BR | 877 | 54 percent |
Rental Units Below FMR in Oak Park, Michigan
How many affordable rental units are in Oak Park?
There are a variety of federal affordable housing programs serving households in Oak Park, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly |
Tracked Units by Federal Program in Oak Park, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Oak Park, Michigan
Oak Park features 249 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Oak Park, Michigan
There are 124 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Oak Park.
Housing Choice Vouchers in Oak Park, Michigan
On average, Section 8 Housing Choice vouchers pay Oak Park landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Oak Park.
The maximum amount a voucher would pay on behalf of a low-income tenant in Oak Park, Michigan for a two-bedroom apartment is between $1,162 and $1,420.
Sourced from federal housing data and AffordableHousingOnline.com research.