Tinley Park, IL—60477
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Tinley Park, IL
Home Price Trends — Tinley Park, IL
As of Oct '25, the median home price in Tinley Park, IL is $292,000, with a year-over-year change of 1.5%. This indicates that home prices in Tinley Park, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 1.5% |
| Single Family | $324,000 | 2.2% |
| Condos | $217,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | 1.3% |
3 Bed | $318,000 | 2.6% |
4 Bed | $397,000 | 2.8% |
| 5 Bed | $483,000 | 2.5% |
% of Housing Stock
Rental Trends — Tinley Park, IL
As of July '25, Rentcast reports the average rent in Tinley Park, IL is $2,400, with a year-over-year rent change of 10.6%. Per bedroom, the median rent as of July '25 in Tinley Park, IL is 1-bedrooms: $1,340, 2-bedrooms: $2,110, 3-bedrooms: $2,710, 4-bedrooms: $3,280. The most common rental property sizes in Tinley Park, IL are 2-bedroom and 1-bedroom, accounting for 51.8% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,340 |
| 2 Bed Rent | $1,750 | $2,110 |
| 3 Bed Rent | $3,000 | $2,710 |
| 4 Bed Rent | $3,060 | $3,280 |
% of Rental Stock
Property Listings — Tinley Park, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tinley Park, IL is 35. This is a increase of 5.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | -2.0% |
Listing Count | 153 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 35 | 5.0% |
Demographics — Tinley Park, IL
As of the latest ACS Survey released in 2023, Tinley Park, IL has a population of 36,400, which has decreased by -4.0% over the past 5 years. Tinley Park, IL is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | -4.0% |
% Under 18 | 21.5% | 3.4% |
% Seniors | 21.3% | 24.6% |
% WFH | 8.7% | 128.9% |
% w/ College Degree | 33.6% | 14.7% |
As of the latest ACS Survey released in 2023, Tinley Park, IL is a predominantly white area, with 74.5% 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 Tinley Park, IL is hispanic, making up 12.4% of the population. Foreign-born residents account for 9.5% of the population in Tinley Park, IL, and this percentage has decreased by 5.9% 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 | 74.5% | -5.6% |
% Black | 7.1% | 20.3% |
% Hispanic | 12.4% | 1.6% |
% Asian | 3.4% | 61.9% |
% Foreign Born | 9.5% | -5.9% |
Mortgage and Risk — Tinley Park, IL
According to HUD data as of 2023, there were 482 mortgage originations in Tinley Park, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Tinley 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 | 482 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Tinley Park, IL
As of 2024, the percent of homes in Tinley Park, IL under the Section 8 program is 6.8%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Tinley Park, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 184 |
Total Units Section 8 | 184 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,300 | $1,520 |
| 2 Bedroom | -$30 | $1,750 | $1,720 |
| 3 Bedroom | -$790 | $3,000 | $2,210 |
| 4 Bedroom | -$460 | $3,060 | $2,600 |
Affordability — Tinley Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $292,000 |
| Median Household Income | $93,900 |