Home Insurance in Oak Park, Michigan
The median home value in Oak Park is $212,300, 38% lower than the Oakland County median.
The typical home in Oak Park was built around 1958. About 61% of homes were built before 1960, about 34 points above Oakland County's 28%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Oak Park breaks down to 81% single-family homes and 16% apartments in buildings with 5+ units.
67% of owner-occupied homes in Oak Park carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Oak Park has an owner-occupancy rate of 63% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
Most homes in Oak Park - 83% - are primarily heated with natural gas.
Oakland County had 1,433 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Very High). See the full Oakland County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $212,300 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Oakland County | 1,433 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)