Tinley Park, IL—60487
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 $381,000, with a year-over-year change of 2.4%. 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 | $381,000 | 2.4% |
| Single Family | $395,000 | 2.3% |
| Condos | $284,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | 3.7% |
3 Bed | $360,000 | 3.4% |
4 Bed | $502,000 | 3.3% |
| 5 Bed | $553,000 | 1.7% |
% of Housing Stock
Rental Trends — Tinley Park, IL
As of July '25, Rentcast reports the average rent in Tinley Park, IL is $3,070, with a year-over-year rent change of 11.6%. Per bedroom, the median rent as of July '25 in Tinley Park, IL is 1-bedrooms: $3,020, 2-bedrooms: $2,860, 3-bedrooms: $3,180, 4-bedrooms: $3,070. The most common rental property sizes in Tinley Park, IL are 3-bedroom and 2-bedroom, accounting for 34.4% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,020 | $3,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,020 | $3,020 |
| 2 Bed Rent | $3,000 | $2,860 |
| 3 Bed Rent | $3,400 | $3,180 |
| 4 Bed Rent | $2,880 | $3,070 |
% 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 30. This is a decrease of -1.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | -19.0% |
Listing Count | 73 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 30 | -1.0% |
Demographics — Tinley Park, IL
As of the latest ACS Survey released in 2023, Tinley Park, IL has a population of 25,900, which has decreased by -2.7% over the past 5 years. Tinley Park, IL is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 45.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | -2.7% |
% Under 18 | 21.2% | -15.9% |
% Seniors | 15.6% | 26.8% |
% WFH | 12.2% | 221.1% |
% w/ College Degree | 45.2% | 9.4% |
As of the latest ACS Survey released in 2023, Tinley Park, IL is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Tinley Park, IL is hispanic, making up 8.7% of the population. Foreign-born residents account for 10.3% of the population in Tinley Park, IL, and this percentage has decreased by 3.7% 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 | 78.7% | -4.0% |
% Black | 7.3% | 121.2% |
% Hispanic | 8.7% | 16.0% |
% Asian | 3.6% | -33.3% |
% Foreign Born | 10.3% | -3.7% |
Mortgage and Risk — Tinley Park, IL
According to HUD data as of 2023, there were 130 mortgage originations in Tinley Park, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Tinley Park, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 130 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
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 28.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Tinley 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 | 185 |
Total Units Section 8 | 185 |
% Rentals under Section 8 | 28.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,480 | $3,020 | $1,540 |
| 2 Bedroom | -$1,260 | $3,000 | $1,740 |
| 3 Bedroom | -$1,170 | $3,400 | $2,230 |
| 4 Bedroom | -$250 | $2,880 | $2,630 |
Affordability — Tinley Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $381,000 |
| Median Household Income | $137,000 |