Orland Park, Illinois Housing Market Prices
Orland Park Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 52% above the Illinois median$227,656
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Median rent 14% above the Illinois median$1,457
Housing Market Overview
| Metric | Orland Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,656 | $149,936 | $248,835 |
| Price Trend (Annual %) | -1.6% | 2.5% | 7.5% |
| Median Gross Rent | $1,457 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Orland Park is about 52% higher than in Illinois. Rent is about 14% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Orland Park: home prices fell about 1.6% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
Median rent in Orland Park rose about 32.7% between 2015 and 2024, from $1,097 to $1,457. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Orland Park.
Buying the median-priced home in Orland Park costs roughly 13.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Orland Park. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Orland Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,656 | $149,936 | $248,835 |
| Median Household Income | $102,369 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Orland Park fell about 10.8%, while median household income rose about 19.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Orland Park | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.8% | 61.9% | 58.5% |
| Rental Rate | 12.6% | 30.4% | 31.2% |
| Vacancy Rate | 4.6% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Orland Park has a homeownership rate of 82.8%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.6%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Orland Park | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1988 | 1969 | 1978 |
| Median Number of Rooms | 6.6 | 5.6 | 5.5 |
The typical housing unit in Orland Park was built around 1988. On average, 2.5 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Orland Park, IL Housing Compared With Nearby Cities
How Orland Park, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Orland Park, IL | 51,782 | $227,656 #2/2 | $1,457 #2/2 | 86.8% #2/2 |
| Tinley Park, IL | 46,109 | $328,279 | $1,517 | 88.2% |
Frequently Asked Questions
Common questions about the housing market in Orland Park, Illinois.
What is the median home price in Orland Park, Illinois?
The median home price in Orland Park, Illinois is $227,656, higher than the Illinois average of $149,936.
What is the average home price in Orland Park, Illinois?
The typical home price in Orland Park, Illinois, reported as the median sale price, is $227,656. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Orland Park, Illinois?
The median gross rent in Orland Park, Illinois is $1,457 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Orland Park in 2020?
In 2020, the median gross rent in Orland Park, Illinois was $1,230 per month.
What is the price-to-rent ratio in Orland Park, Illinois?
The price-to-rent ratio in Orland Park, Illinois is about 13.0, meaning it would take roughly 13.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Orland Park.
Are home prices or rent rising faster in Orland Park, Illinois?
Home prices and rent are moving in opposite directions in Orland Park: home prices fell about 1.6% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Orland Park, Illinois?
82.8% of households in Orland Park, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Orland Park, Illinois?
The housing vacancy rate in Orland Park, Illinois is 4.6%, lower than the Illinois average of 7.7%.
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