Safe Rate Local
Learn about the people, housing, costs and businesses in Palos Park, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Palos Park.
True all-in cost — P&I, taxes, insurance & utilities for homes in Palos Park.
Find and compare lenders active near Palos Park.
FEMA flood zones and flood insurance estimates for Palos Park.
Seismic risk and earthquake insurance estimates for Palos Park.
Wildfire exposure and insurance estimates for Palos Park.
As of today, the 30-year fixed mortgage rate for Palos Park is approximately 6.884% (6.890% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for Palos ParkThe median home value in Palos Park is $420k. The median monthly rent is $2,686. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Palos Park have increased 13.1% 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.
Based on a typical all-in ownership cost of $1,599/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palos Park is $117k/year.
Calculate your buying powerThe largest employment sectors in Palos Park are public administration (31%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.