The story of this market
The typical home in ZIP 60487 sells for about $543,000, or $205 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,369 a month.
ZIP 60487 — Tinley Park
The 60487 housing market is currently experiencing steady demand driven by its reputation for quality schools and suburban accessibility. Inventory remains tight, which continues to support price appreciation despite broader economic headwinds. Buyers are actively competing for well-maintained single-family homes, keeping the market in a seller-favorable position.
This ZIP code is ideal for family buyers seeking high-quality schools and a suburban lifestyle, as well as commuters who require reliable access to the Chicago employment core.
Median prices moved up 5.2% year over year.
Homes spend a median of 45 days on market with 2.8 months of supply — a fast-moving market.
12% 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 5.4% · poverty 4.7% — a stable, low-distress profile.
Built from 344 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 5.9%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60487
Crime rates in the 60487 area are generally considered lower than the regional average for Cook County, with local law enforcement maintaining a stable presence.
The area is served by highly-rated public schools within the Consolidated High School District 230 and local elementary districts, which are frequently cited as a primary draw for families.
The region faces standard Midwestern climate risks, including potential for severe thunderstorms and winter weather; flood risk is generally low but varies by specific parcel location.
Economic momentum is driven by proximity to the Chicago metropolitan employment core and local commercial development along the I-80 corridor, with steady residential demand.
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 commuter rail system and major highway arteries like I-80 and I-57, providing a direct link to downtown Chicago.
The area features numerous local parks, forest preserves, and proximity to major shopping centers in Tinley Park and Orland Park, offering a mix of suburban amenities and green space.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of single-family rentals and apartment complexes catering to diverse household sizes.
The local economy is anchored by healthcare, retail, and professional services, with significant employment opportunities provided by nearby corporate campuses and the broader Chicago Southland industrial base.
The area is well-served by the Metra Rock Island District line and proximity to major interstate highways, facilitating efficient regional transit.
Development pipeline includes ongoing mixed-use projects and infrastructure improvements aimed at modernizing the village center and improving traffic flow.
The Cook County Assessor's office manages property valuations, utilizing a triennial reassessment cycle for properties within the county.
Parcels are subject to various taxing bodies, including Consolidated High School District 230, local elementary districts, and the Cook County Forest Preserve District.
Property insurance premiums are influenced by regional weather patterns, with standard coverage for wind and hail being common requirements for homeowners.
Data retrieved from US Census Bureau 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.
Major regional venue for events and trade shows.
Extensive trail systems and natural areas surrounding the ZIP.
Key-figure check: median price diverges 22.4% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $421,500 (22.4% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $421,500 (-22.4% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.