Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palos Heights area can be challenging. Home prices in Palos Heights are now at a median cost of $299,062, higher than the Illinois average of $242,002.
The average cost of rent is $1,726/mo in Palos Heights, primarily driven by the current value of real estate in the Palos Heights area. While nearly 43.99% of residents own their homes outright in Palos Heights, 6.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palos Heights is $8,158 per month. Households that rent pay about 21.15% of their income on rent here. Palos Heights's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Worth, IL: less expensive homes
- Crestwood, IL: less expensive homes
- Chicago Ridge, IL: less expensive homes
- Palos Park, IL: higher priced homes
- Palos Hills, IL: less expensive homes
- Alsip, IL: less expensive homes
- Oak Lawn, IL: less expensive homes
- Oak Forest, IL: less expensive homes
- Midlothian, IL: less expensive homes
- Robbins, IL: less expensive homes
Cities with Similar Populations
- Mashpee, MA: higher priced homes
- Rice Lake, WI: less expensive homes
- Rehoboth Beach, DE: higher priced homes
- Red Bank, TN: less expensive homes
- Rayne, LA: less expensive homes
- Rantoul, IL: less expensive homes
- Mission Hills, CA: higher priced homes
- Milton, DE: equally priced homes
- Millbury, MA: higher priced homes
- Middleton, ID: equally priced homes
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