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North Park

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

Median Home$399,500
Median Rent$1,134/month
Population18,356
Leading IndustryPublic Administration34% of local workforce
Home Value Growth⬆⬆+16.1% over 2 years
Retirees20% of residentsabove average nationally
Renters52% of occupied units
North Park
IL

Frequently Asked Questions

What are today's mortgage rates in North Park?

As of today, the 30-year fixed mortgage rate for North Park is approximately 6.851% (6.896% 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 North Park?

The median home value in North Park is $400k. The median monthly rent is $1,134. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Park?

Home values in North Park have increased 16.1% 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 North Park?

Based on a typical all-in ownership cost of $1,350/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Park is $78k/year.

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What industries drive the economy in North Park?

The largest employment sectors in North Park are public administration (34%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas