All Countries
Palos Heights, IL
Full City Profile · Illinois · Will County County
3.8
/5.0
B+
Good
11,817
Population
3,126/sq mi density
$107,974
Median Income
$54,879 per capita
$350,000
Home Value
$381,277 Zillow
$2,138
Median Rent
28.3% income on rent
53°F
Avg Temperature
275 sunny days/yr
40
Violent Crime/100K
807 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$107,974 median income, 1.9% unemployment
A+
Affordability
4.9 / 5.0
$350,000 home value, $2,138/mo rent
F
Safety
1.0 / 5.0
40 violent crimes/100K
A
Education
4.4 / 5.0
43.0% bachelor's degree or higher
Housing Overview
Median Home Value
$350,000
24% above
US avg: $281,900
Median Rent
$2,138/mo
84% above
US avg: $1,163/mo
Homeownership Rate
95.2%
46% above US avg (65.4%)
Total Housing Units
4,833
Median year built: 1976
Home Value by Source
Census Median
$350,000
Zillow (ZHVI)
$381,277
Median Sale Price
$355,000
Median List Price
$322,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
95.2%
Owner-Occupied
4.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$2,138/mo
Market Indicators (Redfin)
Median Days on Market
41 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
9
Price Drops
19.4%
of listings with price reduction
Price Per Sq Ft
$199
Active Inventory
36
homes for sale
Affordability & Housing Stock
Rent Burden
28.3%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
95.2%
Complete Housing Data
Home Values
| Census Median Value | $350,000 |
| Zillow Home Value (ZHVI) | $381,277 |
| Median Sale Price | $355,000 |
| Median List Price | $322,000 |
| Price Per Sq Ft | $199 |
Rent
| Census Median Rent | $2,138 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 41 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 19.4% |
| Homes Sold | 9 |
| Active Inventory | 36 |
| Price Per Sq Ft | $199 |
Ownership & Stock
| Owner-Occupied | 95.2% |
| Renter-Occupied | 4.8% |
| Homeownership Rate | 95.2% |
| Total Housing Units | 4,833 |
| Median Year Built | 1976 |
| Rent Burden | 28.3% |