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.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom7.10%
Two Bedrooms42.60%
Three Bedrooms37.20%
Four Bedrooms11.50%
Five Bedrooms or more1.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1976
Median Value of occupied units$174,000
Median Price asked for vacant units$184,800

Rented Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1971
Median Monthly Rent asked for vacant units$682

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6%
Home Equity Loan7.80%
Simple Mortgage50.50%
Debt Free35.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20%