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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 0.30% |
| Two Bedrooms | 11.70% |
| Three Bedrooms | 52.30% |
| Four Bedrooms | 26.30% |
| Five Bedrooms or more | 8.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $286,800 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1968 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 14.10% |
| Simple Mortgage | 44.30% |
| Debt Free | 36.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
