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Indian Head Park

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

Median Home$506,680
Median Rent$1,603/month
Population4,037
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation16% arts, food & hospitality
Home Value Growth⬆⬆+13.3% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners91% of occupied units
NotableHighly Educated32% bachelor's · 19% graduate · top 6% nationally
NotableHigh Incomes$119k/year · top 9% nationally
Indian Head Park
IL

Frequently Asked Questions

What are today's mortgage rates in Indian Head Park?

As of today, the 30-year fixed mortgage rate for Indian Head Park is approximately 6.857% (6.862% 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 Indian Head Park?

The median home value in Indian Head Park is $507k. The median monthly rent is $1,603. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Indian Head Park?

Home values in Indian Head Park have increased 13.3% 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 Indian Head Park?

Based on a typical all-in ownership cost of $1,850/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Indian Head Park is $119k/year.

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What industries drive the economy in Indian Head Park?

The largest employment sectors in Indian Head Park are public administration (28%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.