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Tinley Park

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

Median Home$307,671
Median Rent$1,657/month
Population55,428
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services9% arts, food & hospitality
Home Value Growth⬆⬆+13.2% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners88% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHigh Incomes$113k/year · top 11% nationally
Tinley Park
IL

Frequently Asked Questions

What are today's mortgage rates in Tinley Park?

As of today, the 30-year fixed mortgage rate for Tinley Park is approximately 6.991% (7.000% 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 Tinley Park?

The median home value in Tinley Park is $308k. The median monthly rent is $1,657. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tinley Park?

Home values in Tinley Park have increased 13.2% 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 Tinley Park?

Based on a typical all-in ownership cost of $1,652/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tinley Park is $113k/year.

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What industries drive the economy in Tinley Park?

The largest employment sectors in Tinley Park are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.