Palos Park, IL Real Estate

According to census data in the year 2000 there were 1,799 housing units in Palos Park. This represents a 23.4% growth from 1,458 in 1990.

Of those housing units, 1,799 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 Park is about 98.6%. Palos Park's vacancy rate, including seasonal lodging, is about 3.3%. Average household size is 2.59 people.

The majority of houses, apartments or condos in Palos Park were built after 1968.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom0.30%
Two Bedrooms11.70%
Three Bedrooms52.30%
Four Bedrooms26.30%
Five Bedrooms or more8.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1968
Median Value of occupied units$286,800
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1968

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage4.20%
Home Equity Loan14.10%
Simple Mortgage44.30%
Debt Free36.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%