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La Grange Park

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

Median Home$475,904
Median Rent$1,556/month
Population13,154
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation15% arts, food & hospitality
Home Value Growth⬆⬆+12.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners72% of occupied units
NotableHigh Incomes$127k/year · top 7% nationally
NotableHighly Educated30% bachelor's · 23% graduate · top 9% nationally
La Grange Park
IL

Frequently Asked Questions

What are today's mortgage rates in La Grange Park?

As of today, the 30-year fixed mortgage rate for La Grange Park is approximately 6.866% (6.872% 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 La Grange Park?

The median home value in La Grange Park is $476k. The median monthly rent is $1,556. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Grange Park?

Home values in La Grange Park have increased 12.1% 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 La Grange Park?

Based on a typical all-in ownership cost of $1,954/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $84k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in La Grange Park is $127k/year.

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What industries drive the economy in La Grange Park?

The largest employment sectors in La Grange Park are public administration (25%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.