La Grange Park, IL—60526
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Grange Park, IL
As of Oct '25, the median home price in La Grange Park, IL is $455,000, with a year-over-year change of 5.3%. This indicates that home prices in La Grange Park, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 5.3% |
| Single Family | $468,000 | 5.9% |
| Condos | $175,000 | -6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | 3.8% |
3 Bed | $426,000 | 5.2% |
4 Bed | $619,000 | 7.1% |
| 5 Bed | $824,000 | 5.4% |
% of Housing Stock
Rental Trends — La Grange Park, IL
As of July '25, Rentcast reports the average rent in La Grange Park, IL is $2,180, with a year-over-year rent change of -11.0%. Per bedroom, the median rent as of July '25 in La Grange Park, IL is 1-bedrooms: $1,800, 2-bedrooms: $1,320, 3-bedrooms: $2,560, 4-bedrooms: $4,300. The most common rental property sizes in La Grange Park, IL are 2-bedroom and 1-bedroom, accounting for 40.4% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $1,400 | $1,320 |
| 3 Bed Rent | $2,400 | $2,560 |
| 4 Bed Rent | $4,300 | $4,300 |
% of Rental Stock
Property Listings — La Grange Park, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in La Grange Park, IL is 31. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $424,000 | -33.0% |
Listing Count | 22 | -43.0% |
| Listings as % of Homes | 0.3% | -43.0% |
Days on Market | 31 | -2.0% |
Demographics — La Grange Park, IL
As of the latest ACS Survey released in 2023, La Grange Park, IL has a population of 13,300, which has decreased by -1.5% over the past 5 years. La Grange Park, IL is a popular place for families, as children make up 26.1% of the population. The area has a highly educated workforce, with 59.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -1.5% |
% Under 18 | 26.1% | 0.8% |
% Seniors | 20.5% | 9.6% |
% WFH | 18.9% | 270.6% |
% w/ College Degree | 59.6% | 6.0% |
As of the latest ACS Survey released in 2023, La Grange Park, IL is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in La Grange Park, IL is hispanic, making up 15.6% of the population. Foreign-born residents account for 7.0% of the population in La Grange Park, IL, and this percentage has decreased by 11.4% 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 | 77.3% | -4.7% |
% Black | 2.5% | -35.9% |
% Hispanic | 15.6% | 24.8% |
% Asian | 2.4% | 50.0% |
% Foreign Born | 7.0% | -11.4% |
Mortgage and Risk — La Grange Park, IL
According to HUD data as of 2023, there were 206 mortgage originations in La Grange Park, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in La Grange Park, IL. Investor activity is low, as 3.0% 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 | 206 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — La Grange Park, IL
As of 2024, the percent of homes in La Grange Park, IL under the Section 8 program is 0.2%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in La Grange Park, IL, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,800 | $1,510 |
| 2 Bedroom | $310 | $1,400 | $1,710 |
| 3 Bedroom | -$200 | $2,400 | $2,200 |
| 4 Bedroom | -$1,720 | $4,300 | $2,580 |
Affordability — La Grange Park, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $455,000 |
| Median Household Income | $119,000 |