Palos Park, IL is a desirable area for housing due to its high median value of $428,200, which is substantially higher than the US median value of $338,100. Furthermore, the 1 year house appreciation in Palos Park has been 9.35%, which is higher than the US average of 8.27%. This makes Palos Park an attractive option for potential homeowners looking to invest in a property with strong potential for appreciation and a high median value.
The median home cost in Palos Park is $428,200. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Palos Park is up 13.7%.
Average Age of Homes
- The median age of Palos Park real estate is 42 years old
The Rental Market in Palos Park
- Renters make up 12.6% of the Palos Park population
- 2.7% of houses and apartments in Palos Park, 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.