La Grange Park, Illinois Real Estate & Housing Market

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La Grange Park Housing Information

Index	La Grange Park	Illinois	National
Median home price	$321,200	$174,800	$184,700
Median rent asked	$1,082	$925	$949
Avg. people per household	2.5	2.6	2.6
Owner occupied households	68.9%	66.0%	63.6%
Renter occupied households	31.1%	34.0%	36.4%

The above shows an overview of the real estate market in La Grange Park, IL. Note how the median home price for La Grange Park, IL runs $321,200, which is 84% higher than the average property price for Illinois. So you’re going to get real estate in La Grange Park, IL that is on-average less affordable than what you’ll find in the rest of Illinois. As for rent, the median for La Grange Park, IL runs $1,082, which is comparatively 17% higher than the average rent for Illinois. For La Grange Park, IL, about 68.9% of the population consist of home owners with about 2.5 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, La Grange Park, IL offers a wide variety of real estate. To find your perfect home in La Grange Park, IL, filter your choice by price, location, and number of beds and baths using the search area above.

La Grange Park Home Affordability

When deciding where to purchase La Grange Park, IL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In La Grange Park, IL the median home price is $321,200 and $85,671 is the median household income. As a result, the home price to income ratio in La Grange Park, IL is 3.7x, which is 27% higher than the Illinois average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in La Grange Park, IL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in La Grange Park, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Hodgkins, IL	1,960	$32,300	83%
Dixmoor, IL	3,614	$44,200	76%
Robbins, IL	5,216	$72,500	61%
Riverdale, IL	13,047	$82,800	55%
Dolton, IL	23,113	$92,000	50%
La Grange Park, IL	13,596	$321,200	74%

Cities with similar population

City, State	Population	Home Price	National Avg.
Falls Church, VA	13,597	$724,000	292%
Rocky Point, NY	13,597	$285,600	55%
Oatfield, OR	13,592	$289,900	57%
Mebane, NC	13,592	$172,400	7%
Avenal, CA	13,590	$120,400	35%
La Grange Park, IL	13,596	$321,200	74%

Source: The La Grange Park, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).