Palos Park, Illinois.
Typical home $562,533 (+10.2% in a year). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,655 (+128%) since Jan 2020.
- 1 year
- Up $52,144 +10%
- $510,389$562,533 since Sep 2025
- 5 years
- Up $150,969 +37%
- $411,564$562,533 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Palos Park$2,953
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Palos Park, IL rose 10.2% over the past year — faster than the nation's +1.2%.
Living in Palos Park, Cook County, Illinois
Palos Park is a village of 4,899 people in Cook County. Half its households earn more than $121,696 a year and half less, against $83,498 across Cook County; 8% of its people live below the poverty line. 90% of its homes are lived in by their owners and 10% are rented. Unemployment in Cook County was 5.9% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most people in Cook County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Palos Park is a small village in Cook County where the population skews older than in most places, and nearly everyone owns the home they live in. Household incomes run well above the county's, and a larger share of adults hold a four-year degree than you might expect. Winters are cold, with January the coldest month, and summers turn hot in July, with precipitation spread through the year as both rain and melted snow.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, manufacturing and retail. Within the village, the largest workplaces include Palos CCSD Schools, Aliya of Palos Park and Jewel Food Stores. Commutes are fairly long, since many people travel out of the village for work, and across Cook County unemployment is higher than a year ago while the number of jobs has edged up.
Things to do. SeatGeek Stadium, a stadium, is a short drive away. Chicago's best-known places are a longer drive away, among them the Art Institute of Chicago, a museum, and the United Center, a stadium. Together they put museums and professional sports within reach for a day out.
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- 2,036households
- 52%of adults have a degree
- 8%below the poverty line
- 30 mintypical commute
What people in Cook County work in
Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 15°; warmest in July, with highs near 90° and lows near 64°. About 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Little Red School Hse weather station, 4 miles away (NOAA).
Largest workplaces in Palos Park
- Palos CCSD 118School district298FTE
- Aliya of Palos ParkSkilled nursing facilty159
- Jewel Food StoresSupermarkets and other grocery stores133
- Sunrise Senior Living, LLC.Assisted living74
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 393 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- TornadoesRelatively high
- Inland floodingRelatively high
- Heat wavesRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Palos Park’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Palos Park home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Palos Park$562,533
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 3 Palos Park listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Palos Park33.95%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Palos Park36
New listings per month
Sellers arriving at the market.
- Palos Park14
Zip codes with a Palos Park address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Palos Park — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.