Home prices
The median home in Palos Park costs $418,600. Compared to the surrounding areas it is about $126,560 (43%) higher.Compared to the rest of the nation it is approximately $201,100 (92%) higher, and is about $160,600 (62%) higher compared to the city of Chicago.
Rents
The median monthly rent in Palos Park is $1,668. Compared to its nearby areas this is approximately $508 (43%) higher.In comparison to the entire country it is roughly $606 (57%) higher, and compared to the city of Chicago it is roughly $556 (50%) higher.
Nearby places
Palos Hills
Palos Hills is Palos Park's neighbor to the northeast. The real estate prices there are substantially less expensive. The median home cost in Palos Hills is $203,800, which comes out to $214,800 (105%) lower than Palos Park. Rents there are a lot less expensive. Palos Hills's median rent is $1,035 per month, which is $633 (61%) lower than Palos Park.
Palos Heights
Palos Heights is Palos Park's neighbor to the east. Its housing prices are substantially less expensive. The median home in Palos Heights costs $282,100, which comes out to $136,500 (48%) lower than Palos Park. The rent there is somewhat less expensive. In Palos Heights the median monthly rent is $1,322, which is $346 (26%) lower than Palos Park.
Orland Park
Orland Park is Palos Park's neighbor to the south. The real estate prices there are a lot less expensive. The median home cost in Orland Park is $287,700, which comes out to $130,900 (45%) lower than Palos Park. Rents there are significantly less expensive. Orland Park's median monthly rent is $1,233, which is $435 (35%) lower than Palos Park.
Lemont
Lemont is Palos Park's neighbor to the west. Its housing prices are a little less expensive. The median home in Lemont costs $363,000, which comes out to $55,600 (15%) lower than Palos Park. The rent there is substantially less expensive. Lemont's median rent is $1,069 a month, which works out to $599 (56%) lower than Palos Park.
Willow Springs
Willow Springs is roughly 4 miles north from Palos Park. Its housing prices are a little less expensive. The median home in Willow Springs costs $323,600, which works out to $95,000 (29%) lower than Palos Park. Rent there is significantly less expensive. The median rent in Willow Springs is $1,142 a month, which works out to $526 (46%) lower than Palos Park.
