Real Estate Investing in Palos Heights, Illinois (60463)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60463 (Palos Heights, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palos Heights, IL (60463)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60463 Palos Heights
The 60463 ZIP in Palos Heights, IL is a local-operator market. Outside capital chasing a $406K entry has to pair deep knowledge with the discount.
The 60463 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader IL picture, 60463 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From a cash-flow lens, 13,359 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 60463 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Palos Heights:
Property Strategy for 60463
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $304,061 | $2,240 | 5.3% | +6.4% | $152,030 |
| 3BR | $364,607 | $2,880 | 5.7% | +6.7% | $121,536 |
| 4BR | $446,239 | $3,340 | 5.4% | +6.1% | $111,560 |
| 5BR | $546,265 | — | — | +5.9% | $109,253 |
Market Trends
Home Value History (with trend line)
📊 How Does 60463 Compare?
| Metric | 60463 | Palos Heights | Illinois |
|---|---|---|---|
| Home Value | $406,079 | $406,079 | $279,761 |
| 5-Year CAGR | 5.2% | 5.2% | 6.6% |
| Avg Rent | $2,016 | $2,016 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60463 (Palos Heights, IL). Anonymous, moderated, never written by AI.
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Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $406,079 |
| Monthly Rent | $2,016 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60463
Population: 13,359
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60463
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Worth Jr High School
Worth Elem School
Worthwoods Elem School
George Washington Elementary Sch
Elden D Finley Jr High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,485 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Palos Heights, IL a good investment right now?
Palos Heights, IL rates 3.0/5 for investability. With median values at $406K and rents near $2,016/mo, the market offers reasonable fundamentals for rental investors.
What monthly rent should investors expect in Palos Heights, IL?
Average rent in Palos Heights, IL is approximately $2,016/mo per month. Against $406K home values that yields a reasonable rent-to-price ratio.
Do landlords face vacancy issues in Palos Heights, IL?
Rental vacancy in Palos Heights, IL is elevated. Investors should budget normal turnover but not chronic empty units.
Is IL a landlord-friendly state?
The landlord environment in Palos Heights, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Palos Heights, IL?
Tenant quality in Palos Heights, IL ranks as solid. Landlords generally report reliable occupancy at market rents of $2,016/mo.
You know 60463 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60463 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 60463 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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