The story of this market
The typical home in ZIP 60477 sells for about $406,000, or $195 per square foot.
Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,489 a month.
ZIP 60477 — Tinley Park
The housing market in 60477 remains competitive with steady demand and low inventory, keeping prices stable year-over-year. Buyers are active, though the pace of sales is measured compared to the peak of the previous cycle. The area's strong school districts and transit access continue to drive interest from family buyers.
This ZIP is ideal for families seeking suburban stability, commuters utilizing the Metra rail line, and downsizers looking for accessible townhome and condo options. The area's strong school reputation and established park system make it a perennial choice for long-term residents.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 24 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.3% · poverty 5.4% — a stable, low-distress profile.
Built from 1,008 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 60477, Cook County IL
Tinley Park generally reports crime rates lower than the national average, with property crime being the most common concern. The area is considered relatively safe compared to the broader Chicago metropolitan region.
The area is served by highly-rated public school districts, including Consolidated High School District 230 and various elementary districts, which are frequently cited as a primary draw for families.
The region faces moderate risks from severe thunderstorms and occasional flooding in low-lying areas, though it is not in a high-risk wildfire zone. Property insurance premiums are influenced by regional weather patterns and the age of housing stock.
Tinley Park maintains steady economic momentum with a mix of retail, healthcare, and professional services. Development is focused on infill projects and the revitalization of the downtown corridor near the Metra station.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents benefit from access to the Metra Rock Island District line, providing a direct rail commute to downtown Chicago. Major highway access is provided by I-80 and I-57, facilitating regional travel.
The area features extensive recreational amenities including the White Water Canyon Water Park, Tinley Junction Miniature Golf, and numerous community parks managed by the Tinley Park-Park District. Shopping and dining are concentrated along the Harlem Avenue and 159th Street corridors.
The rental market is characterized by steady demand and low vacancy rates, supported by a mix of apartment complexes and single-family rentals. Rent growth has remained consistent with regional trends.
The local economy is anchored by healthcare, retail, and public sector employment. Proximity to Chicago provides access to a diverse regional labor market.
The area is well-connected via the Metra Rock Island line and major arterial roads including I-80 and I-57. Public transit is primarily focused on commuter rail access to the Chicago Loop.
Development efforts are currently focused on transit-oriented development near the Metra station and the redevelopment of older commercial sites.
The Cook County Assessor's office manages property assessments, utilizing a triennial reassessment cycle for properties within the county.
Parcels are subject to various taxing bodies including the Tinley Park-Park District, local school districts, and Cook County forest preserve districts.
Property insurance in this area is standard for the Midwest, with premiums reflecting exposure to severe weather events and local fire protection ratings.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A popular seasonal aquatic facility operated by the park district.
Family-oriented entertainment venue.
Community hub for local art exhibitions and classes.
Key-figure check: median price diverges 15.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $345,000 (-15% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.