Palos Park, IL
Full City Profile · Illinois · Will County County
4.2
/5.0
A
Great
4,832
Population
749/sq mi density
$126,263
Median Income
$83,954 per capita
$469,900
Home Value
$563,904 Zillow
51°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.6 / 5.0
$126,263 median income, 4.8% unemployment
A+
Affordability
4.6 / 5.0
$469,900 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
4.9 / 5.0
49.0% bachelor's degree or higher
Housing Overview
Median Home Value
$469,900
67% above
US avg: $281,900
Homeownership Rate
90.0%
38% above US avg (65.4%)
Total Housing Units
2,148
Median year built: 1975
Home Value by Source
Census Median
$469,900
Zillow (ZHVI)
$563,904
Redfin Median Sale
$875,000
Median Sale Price
$875,000
Median List Price
$711,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
90.0%
Owner-Occupied
10.0%
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
Market Indicators (Redfin)
Median Sale Price
$875,000
Median Days on Market
137 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
23.1%
of listings with price reduction
Price Per Sq Ft
$294
Active Inventory
13
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
1975
Average age of housing stock: 51 years
Homeownership Rate
90.0%
Complete Housing Data
Home Values
| Census Median Value | $469,900 |
| Zillow Home Value (ZHVI) | $563,904 |
| Redfin Median Sale | $875,000 |
| Median Sale Price | $875,000 |
| Median List Price | $711,900 |
| Price Per Sq Ft | $294 |
Rent
| 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 | 137 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.1% |
| Homes Sold | 1 |
| Active Inventory | 13 |
| Price Per Sq Ft | $294 |
Ownership & Stock
| Owner-Occupied | 90.0% |
| Renter-Occupied | 10.0% |
| Homeownership Rate | 90.0% |
| Total Housing Units | 2,148 |
| Median Year Built | 1975 |
| Rent Burden | 28.3% |