Palos Hills, IL Real Estate
According to census data in the year 2000 there were 7,511 housing units in Palos Hills.
This represents a 9% growth from 6,892 in 1990.
Of those housing units, 7,511 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 Hills is about 77.6%.
Palos Hills's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Palos Hills were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 7.10% |
| Two Bedrooms | 42.60% |
| Three Bedrooms | 37.20% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $174,000 |
| Median Price asked for vacant units | $184,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $682 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 50.50% |
| Debt Free | 35.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
