There are currently 4,982 real estate properties in PALOS HEIGHTS, IL, with a median automated valuation model (AVM) price of $313,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in PALOS HEIGHTS, 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 PALOS HEIGHTS, IL, is $333,388.00, with the most expensive house in PALOS HEIGHTS, IL, topping out at $1,089,700.00 and the cheapest home in PALOS HEIGHTS, IL, clocking in at $82,700.00. In other words, there’s something for every potential homebuyer or savvy investor in PALOS HEIGHTS, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in PALOS HEIGHTS, IL, is on a rollercoaster ride. The average rent price in PALOS HEIGHTS, IL, is $2,306.00. Indeed, when looking to rent in PALOS HEIGHTS, IL, you can expect to pay as little as $980.00 or as much as $5,500.00, with the average rent median estimated to be $2,200.00. The good news is that finding an affordable and desirable property to rent in PALOS HEIGHTS, 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.