Orland Park, IL—60467
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 $460,000, with a year-over-year change of 2.5%. This indicates that home prices in Orland Park, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $460,000 | 2.5% |
| Single Family | $497,000 | 3.5% |
| Condos | $310,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $325,000 | 2.8% |
3 Bed | $440,000 | 3.5% |
4 Bed | $571,000 | 4.4% |
| 5 Bed | $730,000 | 2.2% |
% of Housing Stock
Rental Trends — Orland Park, IL
As of July '25, Rentcast reports the average rent in Orland Park, IL is $2,790, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Orland Park, IL is 2-bedrooms: $2,410, 3-bedrooms: $3,520, 4-bedrooms: $3,250. The most common rental property sizes in Orland Park, IL are 2-bedroom and studio, accounting for 24.8% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,410 |
| 3 Bed Rent | $3,500 | $3,520 |
| 4 Bed Rent | $3,250 | $3,250 |
% 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 34. This is a increase of 9.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | 3.0% |
Listing Count | 96 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 34 | 9.0% |
Demographics — Orland Park, IL
As of the latest ACS Survey released in 2023, Orland Park, IL has a population of 25,000, which has decreased by -6.3% over the past 5 years. Orland Park, IL is a moderately popular place for families, as children make up 18.5% of the population. The area has a highly educated workforce, with 45.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | -6.3% |
% Under 18 | 18.5% | -8.9% |
% Seniors | 25.0% | 9.2% |
% WFH | 16.7% | 221.2% |
% w/ College Degree | 45.1% | -4.7% |
As of the latest ACS Survey released in 2023, Orland Park, IL is a predominantly white area, with 82.9% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Orland Park, IL is hispanic, making up 5.9% of the population. Foreign-born residents account for 13.9% of the population in Orland Park, IL, and this percentage has decreased by 15.8% 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 | 82.9% | 1.3% |
% Black | 3.9% | 116.7% |
% Hispanic | 5.9% | 3.5% |
% Asian | 4.9% | -44.9% |
% Foreign Born | 13.9% | -15.8% |
Mortgage and Risk — Orland Park, IL
According to HUD data as of 2023, there were 256 mortgage originations in Orland Park, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Orland Park, IL. Investor activity is low, as 0.0% 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 | 256 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Orland Park, IL
Orland Park, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,810 |
| 2 Bedroom | -$260 | $2,300 | $2,040 |
| 3 Bedroom | -$880 | $3,500 | $2,620 |
| 4 Bedroom | -$170 | $3,250 | $3,080 |
Affordability — Orland Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $460,000 |
| Median Household Income | $109,000 |