Market Overview
Home Prices in Tinley Park, IL
The median home value in Tinley Park, IL is $339,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tinley Park are priced17% below average. Tinley Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Tinley Park home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Tinley Park Home Price Trend
City Comparison
Tinley Park vs. National Median
At $339,012, homes in Tinley Park cost 17% below the national median of $410,000. This makes Tinley Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tinley Park?
20% Down Payment
$67,802
on $339,012
Monthly P&I
$1,768/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,245/mo
incl. taxes & insurance
Income Needed
$89,800
gross annual (30% rule)
10% Down Option
$33,901
+ PMI applies
Loan Amount (20% dn)
$271,210
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Tinley Park, IL?
The median home value in Tinley Park is $339,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Tinley Park?
Over the past year, home values in Tinley Park have increased by 4.6%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Tinley Park?
To comfortably afford the median home price of $339,012 with a 20% down payment ($67,802) at today's rates (6.8%), you'd need a gross annual income of approximately $89,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Tinley Park compare to the national average home price?
The national median home value is approximately $410,000. At $339,012, homes in Tinley Park are 17% below the national average.
What metro area is Tinley Park part of?
Tinley Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.