Tinley Park Town, Illinois Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Tinley Park Town, Illinois rental market.
Highlights
An apartment for rent in Tinley Park Town, Illinois typically goes for $1,835 per month, while a single-family home for rent in Tinley Park Town, Illinois has a monthly cost of around $2,564. Renter-occupied units make up 13% of the local housing market, while the rental vacancy rate in Tinley Park Town, Illinois is at 6.4.
Tinley Park Town, Illinois
Average Apartment Rent
$1,835
Y-o-Y Change in Average
Apartment Rent
-0.1%
Average Single-Family Rent
$2,564
As of November 2024
Compared to a year ago, Tinley Park Town, Illinois apartments have recorded a -0.1% rent decrease.
Tinley Park Town, Illinois Average apartment rent trend
Tinley Park Town, Illinois Average Apartment Rent
Tinley Park Town, Illinois Apartment rent ranges
At 52.41%, apartments priced $1,000 - $1,500 represent the bulk of Tinley Park Town, Illinois rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.56%.
Tinley Park Town, Illinois Housing tenure**
Renters take up 13% of Tinley Park Town, Illinois real estate, occupying a total of 2,745 units, while homeowners live in 19,128 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$60,496
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
6.4%
Tinley Park Town, Illinois Renter-occupied housing units by no. of bedrooms**
There are 1,387 rentals in Tinley Park Town, Illinois with 2 beds making up the highest share of the market, at 51%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 46 units. Overall, the median number of rooms in Tinley Park Town, Illinois homes for rent is 4.3.
Tinley Park Town, Illinois Renter-occupied units by age of householder**
Most condos for rent in Tinley Park Town, Illinois are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Tinley Park Town, Illinois Renter-occupied housing units by family type**
Tinley Park Town, Illinois Renter-occupied housing units by the presence of own children**
A total of 1,467 apartments for rent in Tinley Park Town, Illinois, or 53% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 731 units. All in all, the median size of a renter-occupied household in Tinley Park Town, Illinois is 2.24.
Tinley Park Town, Illinois Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Tinley Park Town, Illinois.
Tinley Park Town, Illinois Renter-occupied units by year structure built**
The highest share of Tinley Park Town, Illinois apartment rentals, namely 31% or 859 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 489 units), and the ones Built 1980 - 1989 (16%, 429 units).
Tinley Park Town, Illinois Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Tinley Park Town, Illinois renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Tinley Park Town, Illinois condos for rent is 2017.
Tinley Park Town, Illinois Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Tinley Park Town, Illinois renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 10% have No vehicle available.
Tinley Park Town, Illinois Means of transportation to work of householders living in renter-occupied housing units**
Tinley Park Town, Illinois Geographical mobility in the past year for householders living in renter-occupied housing units**
Tinley Park Town, Illinois Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Tinley Park Town, Illinois apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
