Tinley Park, Illinois Housing Market Prices
Tinley 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 119% above the Illinois median$328,279
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Median rent 19% above the Illinois median$1,517
Housing Market Overview
| Metric | Tinley Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $328,279 | $149,936 | $248,835 |
| Price Trend (Annual %) | 11.8% | 2.5% | 7.5% |
| Median Gross Rent | $1,517 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tinley Park is about 119% higher than in Illinois. Rent is about 19% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tinley Park, up about 11.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Tinley Park rose about 44.0% between 2015 and 2024, from $1,054 to $1,517. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Tinley Park.
Buying the median-priced home in Tinley Park costs roughly 18.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tinley Park. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Tinley Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $328,279 | $149,936 | $248,835 |
| Median Household Income | $106,735 | $84,042 | $80,455 |
| Price-to-Income Ratio | 3.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tinley Park rose about 139.4%, while median household income rose about 40.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tinley Park | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.3% | 61.9% | 58.5% |
| Rental Rate | 11.4% | 30.4% | 31.2% |
| Vacancy Rate | 3.3% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Tinley Park has a homeownership rate of 85.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.3%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Tinley Park | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1984 | 1969 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Tinley Park was built around 1984. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Tinley Park, IL Housing Compared With Nearby Cities
How Tinley Park, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tinley Park, IL | 46,109 | $328,279 #1/2 | $1,517 #1/2 | 88.2% #1/2 |
| Orland Park, IL | 51,782 | $227,656 | $1,457 | 86.8% |
Frequently Asked Questions
Common questions about the housing market in Tinley Park, Illinois.
What is the median home price in Tinley Park, Illinois?
The median home price in Tinley Park, Illinois is $328,279, higher than the Illinois average of $149,936.
What is the average home price in Tinley Park, Illinois?
The typical home price in Tinley Park, Illinois, reported as the median sale price, is $328,279. 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 Tinley Park, Illinois?
The median gross rent in Tinley Park, Illinois is $1,517 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Tinley Park in 2020?
In 2020, the median gross rent in Tinley Park, Illinois was $1,228 per month.
What is the price-to-rent ratio in Tinley Park, Illinois?
The price-to-rent ratio in Tinley Park, Illinois is about 18.0, meaning it would take roughly 18.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tinley Park.
Are home prices or rent rising faster in Tinley Park, Illinois?
Both home prices and rent are rising in Tinley Park, up about 11.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tinley Park, Illinois?
85.3% of households in Tinley Park, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Tinley Park, Illinois?
The housing vacancy rate in Tinley Park, Illinois is 3.3%, lower than the Illinois average of 7.7%.
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