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Hyde Park

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

Median Home$362,575
Median Rent$1,593/month
Population30,599
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality53% public administration
Home Value Growth+2.9% over 2 years
Young Adults53% of residentswell above average
Renters66% of occupied units
NotableAmenity Score72/100 · highly walkable area
Hyde Park
IL

Frequently Asked Questions

What are today's mortgage rates in Hyde Park?

As of today, the 30-year fixed mortgage rate for Hyde Park is approximately 6.939% (6.987% 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 Hyde Park?

The median home value in Hyde Park is $363k. The median monthly rent is $1,593. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hyde Park?

Home values in Hyde Park have increased 2.9% over the past two years. The market has been relatively stable. 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 Hyde Park?

Based on a typical all-in ownership cost of $1,667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hyde Park is $77k/year.

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What industries drive the economy in Hyde Park?

The largest employment sectors in Hyde Park are public administration (53%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas