October's First-Time Homebuyer Report for Palos Park

Palos Park is much younger than the rest of Illinois, with a median age of 52. It's very affluent as well, with a median income of $86,552 per household. Detached homes account for 80% of the area's current housing market. The top school in the city is Palos South Middle School.

Culture

A highly recommended place to eat in Palos Park, according to Foursquare, is Hackney's in Palos Park. Great outdoor attractions are Horsetail Lake and Fitzjoy Farms.

Price Range

The median value of homes in Palos Park is $319,600, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $522,119.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Palos Park:

$217K   $260K   $1.5M  

Typical Dwelling

A four-bedroom detached home valued around $603,350 is considered a typical dwelling in Palos Park. If a buyer was looking for a similar home, they would need good credit and a $120,670 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,479 and the property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Palos Park homes for sale or reviewing Palos Park real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Wilk Real Estate
4 reviews
Century 21 Affiliated
Snapped 1 home in this area
Coldwell Banker Honig-Bell
Snapped 1 home in this area

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