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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



La Grange Park, IL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

La Grange Park, IL Housing Market Trends

With a population of 13,009, 5,159 total housing units (homes and apartments), and a median house value of $457,412, La Grange Park real estate is some of the most expensive in Illinois, although La Grange Park home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in La Grange Park, accounting for 68.97% of the village's housing units. Other types of housing that are prevalent in La Grange Park include large apartment complexes or high rise apartments ( 22.48%), duplexes, homes converted to apartments or other small apartment buildings ( 7.18%), and a few row houses and other attached homes ( 1.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Grange Park. Owner-occupied housing accounts for 72.24% of La Grange Park's homes, and 61.23% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. La Grange Park's housing was primarily built during this period, from the '40s through the '60s. A full 67.61% of the village's housing hails from this era. Other housing ages represented in La Grange Park include homes built before 1939 ( 14.51%) and housing constructed between 1970-1999 ( 11.60%). There's also some housing in La Grange Park built between 2000 and later ( 6.29%).

La Grange Park Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in La Grange Park, where house values have increased just 45.46%, which is annualized rate of 3.82%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, La Grange Park's appreciation rate, at 5.78%, has been at or slightly above the national average. In the latest quarter, La Grange Park's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.

Relative to Illinois, our data show that La Grange Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$457,412

La Grange Park, IL Home Prices
> $1,228,000
$921,001 - $1,228,000
$614,001 - $921,000
$491,001 - $614,000
$368,001 - $491,000
$245,001 - $368,000
$123,001 - $245,000
$61,001 - $123,000
$0 - $61,000
1.8%
1.8%
7.7%
7.7%
19.9%
19.9%
19.5%
19.5%
34.7%
34.7%
12.1%
12.1%
2.7%
2.7%
1.2%
1.2%
0.4%
0.4%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

5,159

La Grange Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,482 / per month

Homeownership Rate

Owners
Renters
72.2%
72.2%
27.8%
27.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.8%
7.8%
92.2%
92.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.3%
6.3%
11.6%
11.6%
67.6%
67.6%
14.5%
14.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.0%
69.0%
1.3%
1.3%
7.2%
7.2%
22.5%
22.5%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
13.2%
13.2%
19.7%
19.7%
43.9%
43.9%
17.3%
17.3%
3.8%
3.8%
0% 100.0%
% of Homes