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Bedford Park

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

Median Home$293,875
Median Rent$987/month
Population529
Leading IndustriesInformation & Media · Finance & Insurance · Professional Services23% information & media
Home Value Growth⬆⬆+13.2% over 2 years
Young Adults25% of residents
Homeowners77% of occupied units
NotableAmenity Score75/100 · highly walkable area
Bedford Park
IL

Frequently Asked Questions

What are today's mortgage rates in Bedford Park?

As of today, the 30-year fixed mortgage rate for Bedford Park is approximately 6.994% (7.003% 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 Bedford Park?

The median home value in Bedford Park is $294k. The median monthly rent is $987. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bedford Park?

Home values in Bedford Park have increased 13.2% 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 Bedford Park?

Based on a typical all-in ownership cost of $1,103/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bedford Park is $75k/year.

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What industries drive the economy in Bedford Park?

The largest employment sectors in Bedford Park are information and media (23%) and finance and insurance (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.