Palos Hills, IL 60465 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Palos Hills, IL—60465

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$273,000

0.1% YoY Growth

Household Income

$84,000

42.1% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,700

10.4% YoY Growth

1-Bed Rent

$1,400

10.2% YoY Growth

2-Bed Rent

$1,700

1.8% YoY Growth

3-Bed Rent

$2,700

1.5% YoY Growth

Home Price Trends — Palos Hills, IL

As of Dec '25, the median home price in Palos Hills, IL is $273,000, with a year-over-year change of -0.1%. This indicates that home prices in Palos Hills, IL are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$273,000	-0.1%
Single Family	$355,000	3.8%
Condos	$215,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Palos Hills, IL

As of July '25, Rentcast reports the average rent in Palos Hills, IL is $1,810, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Palos Hills, IL is 1-bedrooms: $1,400, 2-bedrooms: $1,710, 3-bedrooms: $2,700. The most common rental property sizes in Palos Hills, IL are 2-bedroom and 1-bedroom, accounting for 55.2% and 40.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,810
Studio Rent	N/A	N/A
1 Bed Rent	$1,400	$1,400
2 Bed Rent	$1,700	$1,710
3 Bed Rent	$2,700	$2,700
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

40.8%

2 Bedrooms

55.2%

3 Bedrooms

3.9%

4 Bedrooms

0.1%

Property Listings — Palos Hills, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Palos Hills, IL is 46. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	-13.0%
Listing Count	52	14.0%
Listings as % of Homes	0.7%	14.0%
Days on Market	49	2.0%

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Demographics — Palos Hills, IL

As of the latest ACS Survey released in 2023, Palos Hills, IL has a population of 18,100, which has increased by 3.8% over the past 5 years. Palos Hills, IL is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,100	3.8%
% Under 18	20.7%	-3.3%
% Seniors	19.4%	2.1%
% WFH	11.6%	251.5%
% w/ College Degree	25.0%	-2.7%

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As of the latest ACS Survey released in 2023, Palos Hills, IL is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Palos Hills, IL is hispanic, making up 10.7% of the population. Foreign-born residents account for 26.6% of the population in Palos Hills, IL, and this percentage has decreased by 11.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	81.3%	-2.4%
% Black	4.8%	4.3%
% Hispanic	10.7%	23.0%
% Asian	1.8%	-10.0%
% Foreign Born	26.6%	-11.3%

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Mortgage and Risk — Palos Hills, IL

According to HUD data as of 2023, there were 230 mortgage originations in Palos Hills, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Palos Hills, IL. Investor activity is low, as 1.0% 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	230
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Palos Hills, IL

Palos Hills, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	24
Total Units Section 8	24
% Rentals under Section 8	2.0%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$20	$1,400	$1,420
2 Bedroom	-$100	$1,700	$1,600
3 Bedroom	-$640	$2,700	$2,060
4 Bedroom	N/A	N/A	$2,410

Palos Hills, IL—60465

Key Metrics at a Glance

Home Price Trends — Palos Hills, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palos Hills, IL

% of Rental Stock

Property Listings — Palos Hills, IL

Demographics — Palos Hills, IL

Race and Ethnicity

Mortgage and Risk — Palos Hills, IL

Mortgages

Rentals and Section 8 — Palos Hills, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Palos Hills, IL

Home Price to Income Ratio

Palos Hills, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hickory Hills, IL

Worth, IL

Bridgeview, IL

Chicago Ridge, IL

Palos Park, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$273,000
Median Household Income	$84,000

Palos Hills, IL—60465

Key Metrics at a Glance

Home Price Trends — Palos Hills, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palos Hills, IL

% of Rental Stock

Property Listings — Palos Hills, IL

Demographics — Palos Hills, IL

Race and Ethnicity

Mortgage and Risk — Palos Hills, IL

Mortgages

Rentals and Section 8 — Palos Hills, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Palos Hills, IL

Home Price to Income Ratio

Palos Hills, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hickory Hills, IL

Worth, IL

Bridgeview, IL

Chicago Ridge, IL

Palos Park, IL

Frequently Asked Questions

What is the average home price in Palos Hills, IL 60465?

How have home prices in Palos Hills, IL 60465 changed over the past year?

What is the home price projection for Palos Hills, IL 60465?

What are the demographics of Palos Hills, IL 60465?

How long does it take homes to sell in Palos Hills, IL 60465?

What is the average rent price in Palos Hills, IL 60465?