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Housing Affordability in Palos Park, IL
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 30.0%
- Illinois 30.4%
- Renters paying 30%+
- 32.3%
- Illinois 47.9%
- Homeowners paying 30%+
- 29.7%
- Illinois 22.4%
- Owner costs with a mortgage
- $3,691/mo
- Illinois $1,987/mo
Palos Park has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more6132.3%
- Homeowners paying 30% or more53929.7%
- Renters paying 50% or more00.0%
- Median rent as a share of income: 28.4%
- Median owner costs as a share of income, with a mortgage: 23.2%
- Median owner costs without a mortgage: $1,223/mo
- Median home value divided by median household income: 3.8
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Palos Park, IL | 30.0% | 32.3% | 29.7% | 28.4% |
| Cook County | 36.3% | 48.9% | 27.5% | 29.5% |
| Illinois | 30.4% | 47.9% | 22.4% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Palos Park, IL?
- In Palos Park, IL, 30.0% of households spend 30% or more of their income on housing costs.
- How does Palos Park compare with Illinois?
- The households paying 30%+ for housing in Palos Park is 30.0%, compared with 30.4% for Illinois as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates