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Orland Park

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

Median Home$361,211
Median Rent$1,709/month
Population57,767
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Professional Services28% public administration
Home Value Growth+10.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHighly Educated26% bachelor's · 13% graduate · top 16% nationally
Orland Park
IL

Frequently Asked Questions

What are today's mortgage rates in Orland Park?

As of today, the 30-year fixed mortgage rate for Orland Park is approximately 6.922% (6.929% 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 Orland Park?

The median home value in Orland Park is $361k. The median monthly rent is $1,709. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Orland Park?

Home values in Orland Park have increased 10.9% 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 Orland Park?

Based on a typical all-in ownership cost of $1,627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Orland Park is $102k/year.

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What industries drive the economy in Orland Park?

The largest employment sectors in Orland Park are public administration (28%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.