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.


Housing Size

Housing Units by Size
Studio Type0.10%
One Bedroom0.70%
Two Bedrooms20.10%
Three Bedrooms46.10%
Four Bedrooms28.10%
Five Bedrooms or more4.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1970
Median Value of occupied units$219,500
Median Price asked for vacant units$276,500

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1974

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage4.80%
Home Equity Loan9.90%
Simple Mortgage46.80%
Debt Free37.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%