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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.



Tinley 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 Q4 2023. 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

Tinley Park, IL Housing Market Trends

With 54,287 people, 21,873 houses or apartments, and a median cost of homes of $332,312, Tinley Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tinley Park, accounting for 56.00% of the village's housing units. Other types of housing that are prevalent in Tinley Park include row houses and other attached homes ( 21.25%), large apartment complexes or high rise apartments ( 17.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tinley Park. Owner-occupied housing accounts for 87.32% of Tinley Park's homes, and 58.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tinley 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 Tinley Park built between 2000 and later ( 22.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.64%). There's also some housing in Tinley Park built before 1939 ( 1.52%).

Tinley Park Home Appreciation Rates

Tinley Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tinley Park during the period has been just 4.60%, which is lower than 80% of US communities.

Over the last year, Tinley Park appreciation rates have trailed the rest of the nation. In the last twelve months, Tinley Park's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tinley Park were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Tinley Park's latest annual appreciation rate is higher than 50% 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 Tinley Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tinley 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 Tinley Park real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$332,312

Tinley Park, IL Home Prices
> $1,261,000
$946,001 - $1,261,000
$630,001 - $946,000
$505,001 - $630,000
$378,001 - $505,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
1.0%
1.0%
0.2%
0.2%
3.8%
3.8%
13.1%
13.1%
23.3%
23.3%
38.7%
38.7%
16.0%
16.0%
1.1%
1.1%
2.9%
2.9%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

21,873

Tinley Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,482 / per month

Homeownership Rate

Owners
Renters
87.3%
87.3%
12.7%
12.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.4%
4.4%
95.6%
95.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.7%
22.7%
60.1%
60.1%
15.6%
15.6%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.0%
56.0%
21.2%
21.2%
4.8%
4.8%
17.9%
17.9%
0.0%
0.0%
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
0.6%
0.6%
4.4%
4.4%
31.7%
31.7%
41.8%
41.8%
17.1%
17.1%
4.4%
4.4%
0% 100.0%
% of Homes