Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 57,511 people, 22,980 houses or apartments, and a median cost of homes of $457,509, Orland Park real estate is some of the most expensive in Illinois, although Orland Park home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Orland Park, accounting for 57.21% of the village's housing units. Other types of housing that are prevalent in Orland Park include row houses and other attached homes ( 20.49%), large apartment complexes or high rise apartments ( 16.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orland Park. Owner-occupied housing accounts for 85.15% of Orland Park's homes, and 57.14% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Orland Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Orland Park built between 2000 and later ( 18.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.93%). There's also some housing in Orland Park built before 1939 ( 1.54%).
Orland Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Orland Park during the period has been just 4.66%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Orland Park's appreciation rate, at 7.60%, has been at or slightly above the national average. In the latest quarter, Orland Park's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Orland Park's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Orland Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orland Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Orland Park real estate investment or home purchase decisions.
$457,509
for Illinois
for nation
22,980
$2,751 / per month