Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palos Hills area can be challenging. Home prices in Palos Hills are now at a median cost of $196,327, lower than the Illinois average of $242,002.
The average cost of rent is $1,311/mo in Palos Hills, primarily driven by the current value of real estate in the Palos Hills area. While nearly 35.14% of residents own their homes outright in Palos Hills, 20.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palos Hills is $6,135 per month. Households that rent pay about 21.36% of their income on rent here. Palos Hills's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Hickory Hills, IL: higher priced homes
- Worth, IL: less expensive homes
- Chicago Ridge, IL: less expensive homes
- Bridgeview, IL: less expensive homes
- Palos Park, IL: higher priced homes
- Justice, IL: equally priced homes
- Palos Heights, IL: higher priced homes
- Willow Springs, IL: higher priced homes
- Oak Lawn, IL: equally priced homes
- Burbank, IL: higher priced homes
Cities with Similar Populations
- Maple Shade, NJ: less expensive homes
- Perry, FL: less expensive homes
- Pembroke, MA: higher priced homes
- Pell City, AL: less expensive homes
- Odessa, FL: higher priced homes
- Mechanicville, NY: higher priced homes
- Marshfield, MA: higher priced homes
- Marlboro, NJ: higher priced homes
- Marcus Hook, PA: equally priced homes
- Pinecrest, FL: higher priced homes
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