According to statistics, the population in Orland Park, IL amounts to 59,161, which shows decline 1% compared to the previous year. The median age of the city’s residents is 46. The average household income is $85,802, shifting decline 0% from the past year, and the average property value in Orland Park, IL growth 2% to $277,300 throughout the year.
|Number Of Employees||29,247|
|Median Property Value||$277,300|
The average household income in Orland Park, IL grew from $85,580 to $85,802 in the past year. This data is an estimate based upon 22,345 households in Orland Park, IL . The chart below presents how household income is distributed in Orland Park, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Orland Park, IL shifted from $273,100 to $277,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Orland Park, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Orland Park, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Orland Park, IL compared to median property taxes around the country. The prevalent amount of property taxes in Orland Park, IL equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|1 bed for sale||$248,962||+52.5%|
|2 bed for sale||$265,377||+16.7%|
|3 bed for sale||$372,072||-8.8%|
|4+ bed for sale||$529,885||-12.5%|
During Aug 2022, the average price for an apartment in/near Orland Park, IL decreased by 11% to $409,344.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 52.5% to $248,962. Asking price for 2-bed apartment also increased by 16.7% and a place of this size will now cost you $265,377. A 3-bed apartment goes for $372,072, it decreased by 8.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 12.5% and made it down to $529,885.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$483,636||-1.9%|
|Condos for sale||$281,958||+2.1%|
|Land for sale||$240,973||-21.3%|
|Townhouses for sale||$316,776||+7.3%|
|Duplexes for sale||$477,200||N/A|
|Lofts for sale||$649,450||N/A|
Price reports demonstrate that house price decreased by 1.9% this month making it up to $483,636. Condos are really in demand in this season. The median price for a condo increased by 2.1%, it’s now available for $281,958. An average value of duplex is $477,200, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $649,450. The property value of townhouses increased by 7.3%, you’ll have to spend around $316,776 to get one.