Orland Park, IL—60462
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Orland Park, IL
Home Price Trends — Orland Park, IL
As of Oct '25, the median home price in Orland Park, IL is $355,000, with a year-over-year change of 2.2%. This indicates that home prices in Orland Park, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $355,000 | 2.2% |
| Single Family | $400,000 | 2.3% |
| Condos | $234,000 | -6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | 0.0% |
3 Bed | $367,000 | 3.4% |
4 Bed | $453,000 | 2.5% |
| 5 Bed | $575,000 | 2.0% |
% of Housing Stock
Rental Trends — Orland Park, IL
As of July '25, Rentcast reports the average rent in Orland Park, IL is $2,680, with a year-over-year rent change of 12.6%. Per bedroom, the median rent as of July '25 in Orland Park, IL is 1-bedrooms: $2,450, 2-bedrooms: $1,940, 3-bedrooms: $3,030, 4-bedrooms: $2,800. The most common rental property sizes in Orland Park, IL are 2-bedroom and 1-bedroom, accounting for 60.0% and 19.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,210 | $2,450 |
| 2 Bed Rent | $1,800 | $1,940 |
| 3 Bed Rent | $3,100 | $3,030 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Orland Park, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Orland Park, IL is 33. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 1.0% |
Listing Count | 127 | -17.0% |
| Listings as % of Homes | 0.6% | -17.0% |
Days on Market | 33 | 0.0% |
Demographics — Orland Park, IL
As of the latest ACS Survey released in 2023, Orland Park, IL has a population of 40,700, which has remained stable by 1.0% over the past 5 years. Orland Park, IL is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,700 | 1.0% |
% Under 18 | 21.8% | 4.8% |
% Seniors | 23.2% | 10.5% |
% WFH | 13.8% | 200.0% |
% w/ College Degree | 44.9% | 11.4% |
As of the latest ACS Survey released in 2023, Orland Park, IL is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Orland Park, IL is hispanic, making up 11.8% of the population. Foreign-born residents account for 16.5% of the population in Orland Park, IL, and this percentage has increased by 17.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.9% | -5.6% |
% Black | 3.2% | -25.6% |
% Hispanic | 11.8% | 35.6% |
% Asian | 5.8% | 87.1% |
% Foreign Born | 16.5% | 17.0% |
Mortgage and Risk — Orland Park, IL
According to HUD data as of 2023, there were 632 mortgage originations in Orland Park, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Orland Park, IL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 632 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Orland Park, IL
As of 2024, the percent of homes in Orland Park, IL under the Section 8 program is 1.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Orland Park, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$620 | $2,210 | $1,590 |
| 2 Bedroom | $0 | $1,800 | $1,800 |
| 3 Bedroom | -$790 | $3,100 | $2,310 |
| 4 Bedroom | -$80 | $2,800 | $2,720 |
Affordability — Orland Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $355,000 |
| Median Household Income | $96,700 |