Orland Park, IL

Population: 58,479
Average annual home appreciation rate: 7.51%
Total of homes for sale in this market: 196
Median home price: $294,681
Median Rent: $1,113 per room
Home price range: 31.98% of homes are between $211,001 – $316,000
Median sales price: $261,250
Number of homes: 225
Median foreclosure sales price: $176,500
Foreclosure discount: 32%
Most common home type: 58.23% of homes are single family detached
Number of vacant homes: 3.52%
Number of renters: 11.58%
Number of owner occupied: 88.42%
Number people living below poverty level: 5.24%
Unemployment rate: 4.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Orland Park area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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