Quick facts: Orland park, IL

Quick Facts

110.5
Cost of Living
above US average
57,511
Population
0.38
Crime Rate per 1000
below US average
$97,365
Median Income
above US average
$349,900
Median House Price
above US average
$2616.05
Average Rent
above US average
6%
Poverty Rate
below US average
5.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $97,365.

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Income Needed to Buy

βœ— Stretch
$110k/year
Based on $349,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $97,365
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Income Needed to Rent

⚠ Stretch
$112k/year
Based on $2616.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $112k vs median $97,365
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Orland park, IL

Orland Park is a vibrant suburb located southwest of Chicago in Cook County, Illinois. Known for its residential charm, the village boasts a rich mix of amenities, parks, and family-friendly attractions. With a population of around 58,000, Orland Park provides a tight-knit community feel while still offering access to the urban benefits of nearby Chicago. The area is recognized for its excellent schools, making it a desirable location for families. It features expansive parks and recreational facilities, such as the Orland Park Sportsplex, and is home to the scenic Paul L. Rhyne Community Park. The village hosts numerous events throughout the year, fostering community spirit. Shopping enthusiasts will appreciate Orland Park’s well-established shopping centers, including the Orland Square Mall, which offers a variety of retail options. Dining ranges from casual eateries to upscale restaurants, catering to diverse tastes. Orland Park is well-connected by major highways, making commuting to Chicago and surrounding areas convenient. Overall, it blends suburban tranquility with accessible urban life, making it an appealing choice for residents.

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