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Beach Park

Learn about the people, housing, costs and businesses in Beach Park, Illinois

Median Home$246,766
Median Rent$1,404/month
Population14,683
Leading IndustriesTransportation · Retail6% transportation
Home Value Growth⬆⬆⬆+21.8% over 2 years
Young Adults29% of residentsslightly above average
Homeowners76% of occupied units
Beach Park
IL

Frequently Asked Questions

What are today's mortgage rates in Beach Park?

As of today, the 30-year fixed mortgage rate for Beach Park is approximately 6.958% (6.969% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Beach Park?

The median home value in Beach Park is $247k. The median monthly rent is $1,404. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Beach Park?

Home values in Beach Park have increased 21.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Beach Park?

Based on a typical all-in ownership cost of $1,371/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Beach Park is $85k/year.

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What industries drive the economy in Beach Park?

The largest employment sectors in Beach Park are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.