Zip 60487 (Tinley Park, IL) Housing

Tinley Park, IL (60487) is an area of the country where housing prices are on the rise. The median home value in this area is $315,800 which is lower than the national median home value of $338,100. However, the one year appreciation rate for homes in Tinley Park IL has been 9.35%, which is higher than the national average of 8.27%. This indicates a strong trend of appreciation in the area and suggests that now would be a good time to consider purchasing a home in Tinley Park before values increase further.

The median home cost in Tinley Park (zip 60487) is $315,800. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Tinley Park (zip 60487) is up 13.7%.

Average Age of Homes

- The median age of Tinley Park (zip 60487) real estate is 23 years old

The Rental Market in Tinley Park (zip 60487)

- Renters make up 7.1% of the Tinley Park (zip 60487) population
- 0.4% of houses and apartments in Tinley Park (zip 60487), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Tinley Park, Illinois	United States
	9,351.0	139,647,020.0
	27	42
	$315,800	$338,100
	13.7%	16.6%
	41.6%	57.0%
	66.0%	101.1%
	$20.96	$10.98
	$7,671	$2,690
	92.3%	57.4%
	2.7%	11.2%
	5.0%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.7%	0.4%
	0.1%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.0%	2.4%
	0.0%	2.8%
	0.3%	3.9%
	0.8%	4.5%
	2.3%	11.3%
	10.4%	13.0%
	38.1%	20.1%
	32.8%	13.6%
	11.5%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	34.0%	13.6%
	34.0%	13.6%
	22.4%	13.6%
	21.2%	13.2%
	13.6%	14.8%
	22.4%	13.6%
	1.0%	10.0%
	0.0%	4.7%
	1.9%	12.2%