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Foreclosure Homes in Orland Park, IL

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View this home at Fairmont 54 Orland Park IL 60462
Preforeclosure
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Fairmont 54
Orland Park, IL 60462
Condo
AUCTION: 04-15-2024
Condo
View this home at Lincolnshire Dr Orland Park IL 60462
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$454,724 EMV
Lincolnshire Dr
Orland Park, IL 60462
Single-Family
2.5
|
2,260
EST. RENT: $2,430
|
AUCTION: 04-17-2024
Single-Family
2.5
|
2,260
View this home at Forestview Dr Orland Park IL 60467
Preforeclosure
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$279,854 EMV
Forestview Dr
Orland Park, IL 60467
Single-Family
EST. RENT: $2,200
|
AUCTION: 06-03-2024
Single-Family
View this home at 2nd Ave Orland Park IL 60462
Preforeclosure
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$665,772 EMV
2nd Ave
Orland Park, IL 60462
Single-Family
EST. RENT: $2,280
|
AUCTION: 03-28-2024
Single-Family
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Orland Park, IL Foreclosures

How much do homes sell for in Orland Park, IL?
The average home price is currently $388,035.
In Orland Park, IL, how many homes are available?
There are currently 25,289 active home listings available in Orland Park.
What’s the average rental cost in Orland Park, IL?
The average rental price in Orland Park is $2,116.
What is the most expensive home in Orland Park, Illinois?
The most expensive home sold in Orland Park had a price of $3,127,556.
What is currently the cheapest priced home in Orland Park, IL?
The cheapest home for sale in Orland Park is priced at $14,241.

Home Value Estimator For Orland Park, IL

There are currently 25,289 real estate properties in Orland Park, IL, with a median automated valuation model (AVM) price of $359,783.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orland Park, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Orland Park, IL, is $388,035.00, with the most expensive house in Orland Park, IL, topping out at $3,127,556.00 and the cheapest home in Orland Park, IL, clocking in at $14,241.00. In other words, there’s something for every potential homebuyer or savvy investor in Orland Park, IL!


Rent Prices In Orland Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orland Park, IL, is on a rollercoaster ride. The average rent price in Orland Park, IL, is $2,116.00. Indeed, when looking to rent in Orland Park, IL, you can expect to pay as little as $850.00 or as much as $5,500.00, with the average rent median estimated to be $2,100.00. The good news is that finding an affordable and desirable property to rent in Orland Park, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Orland Park, IL In 2024

Orland Park is located in Cook, Illinois, with an estimated municipal population of 57,857 residents. All of the best foreclosed homes for sale in Orland Park are located in the following zip code areas on Foreclosure.com: 60467 60462. The estimated population per square kilometer (.62 miles) in Orland Park is 1,014.


Cost Of Living In Orland Park, IL

So, about how much do homes cost in Orland Park? The most recent median value of resident-owned homes in Orland Park is 287,934. An estimated 87.2 percent of households in Orland Park own their homes, with an average family size of 3.18. The median household income in Orland Park is 90,345, with45.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Orland Park, the median commute time of resident workers (in minutes) is 35.1. And last, but certainly not least, are you looking for homes to rent in Orland Park? If so, the average rent price paid by renters in Orland Park is 1,233, according to recent statistics.


Diversity And Demographics In Orland Park, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Orland Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Orland Park is 46, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Orland Park is 57.8, with an average family size of 3.18.

The percentage of residents who report their race in Orland Park is as follows:

White 88.2%
Black / African American 4.4%
Asian 4.8%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 1.2%
Other 1.4%

Looking for family-friendly neighborhoods in and/or near Orland Park? Or maybe you are searching for 55+ active adult communities in and/or near Orland Park?

The percentage of residents who report their age in Orland Park is as follows:

Under 10 9.8%
Aged 10-19 12.4%
20s 10%
30s 10.3%
40s 12.1%
50s 16.3%
60s 14.3%
70s 8%
80+ 6.9%

Best Schools In Orland Park, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Orland Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Orland Park.


Pros And Cons Of Living In Orland Park, Illinois

How do you know that living in -- or moving to -- Orland Park is right where you need to be? Perhaps you grew up in Orland Park or already live nearby; therefore, the decision to buy a home in Orland Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Orland Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Orland Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Orland Park.


Reasons To Move To Orland Park, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Orland Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Orland Park, meanwhile, can field multiple offers from more qualified buyers.

Orland Park, IL Foreclosures


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