Palos Hills, IL is a great area for housing. The median value of homes in the area is $243,600, which is significantly lower than the US median value of $338,100. In addition, over the past year, the appreciation rate for the housing market in Palos Hills has been 9.35%, higher than the national average of 8.27%. This makes Palos Hills an attractive option for potential homebuyers looking to purchase a home in Illinois.
The median home cost in Palos Hills is $243,600. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Palos Hills is up 13.7%.
Average Age of Homes
- The median age of Palos Hills real estate is 41 years old
The Rental Market in Palos Hills
- Renters make up 19.7% of the Palos Hills population
- 0.3% of houses and apartments in Palos Hills, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.