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Palos Heights city, IL

ZIP 60463 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60463

Median Home Value
$343,700
Median Rent
$1,975
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,208/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

14.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60463 in Palos Heights city, IL, a household would need roughly $95,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,208. That is roughly in line with the local median household income ($105,389). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
94.0%+44% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
93.0%+7% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
19.8%-60% vs US avg
x
Mortgage-Free
42.7%+12% vs US avg
x
$343,700
Home Value
$1,975
Rent
1974
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.8%
  • 1-unit attached19.6%
  • 2-9 units11.3%
  • 10+ units3.1%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$343,700
Median rent$1,975
Owner-occupied94.0%
Vacant5.0%
Price-to-income3.3x
Est. income to buy$95,000