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Affordable
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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 $352,815, higher than the Illinois average of $300,242.
The average cost of rent is $2,366/mo in Palos Heights, primarily driven by the current value of real estate in the Palos Heights area. In Palos Heights, 8.88% of households rent, and 42.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palos Heights is $9,776 per month. Households that rent pay about 24.20% of their income on rent here. Palos Heights’s most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: higher priced homes
- Millbury, MA: higher priced homes
- Middleton, ID: higher priced homes
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