Palos Heights, IL Real Estate
According to census data in the year 2000 there were 4,254 housing units in Palos Heights.
This represents a 6.9% growth from 3,980 in 1990.
Of those housing units, 4,254 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Palos Heights is about 96.9%.
Palos Heights's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Palos Heights were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 0.70% |
| Two Bedrooms | 20.10% |
| Three Bedrooms | 46.10% |
| Four Bedrooms | 28.10% |
| Five Bedrooms or more | 4.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $219,500 |
| Median Price asked for vacant units | $276,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1974 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 46.80% |
| Debt Free | 37.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
