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Washington Park

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

Median Home$275,340
Median Rent$1,173/month
Population12,313
Leading IndustryPublic Administration36% of local workforce
Home Value Growth+1.4% over 2 years
Family-Friendly27% of residentstop 5% nationally
Renters87% of occupied units
NotableVeteran Community5% of residents · top 14% nationally
Washington Park
IL

Frequently Asked Questions

What are today's mortgage rates in Washington Park?

As of today, the 30-year fixed mortgage rate for Washington Park is approximately 6.987% (7.037% 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 Washington Park?

The median home value in Washington Park is $275k. The median monthly rent is $1,173. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Washington Park?

Home values in Washington Park have increased 1.4% over the past two years. The market has been relatively stable. 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 Washington Park?

Based on a typical all-in ownership cost of $1,228/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Washington Park is $42k/year.

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What industries drive the economy in Washington Park?

The largest employment sectors in Washington Park are public administration (36%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas