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Tinley Park village, IL

ZIP 60487 — 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 60487

Median Home Value
$339,600
Median Rent
$1,381
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,182/mo PITI).

12%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.5 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 60487 in Tinley Park village, IL, a household would need roughly $94,000 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 $2,182. That sits below the local median household income ($137,426), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
92.9%+42% vs US avg
x
Vacancy Rate
1.9%-82% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
6.4%-57% vs US avg
x
Built Pre-1939
0.1%-100% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
14.1%-72% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$339,600
Home Value
$1,381
Rent
1994
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached70.5%
  • 1-unit attached20.2%
  • 2-9 units5.0%
  • 10+ units4.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$339,600
Median rent$1,381
Owner-occupied92.9%
Vacant1.9%
Price-to-income2.5x
Est. income to buy$94,000