Orland Park/Flickr user Teemu008
Located less than an hour southwest of downtown Chicago, Orland Park is a shopper’s paradise with plenty of outdoor activities for all ages.
Development has been strong as of recent in Orland Park, particularly around the 143rd Metra station, with the new Ninety7Fifty apartment complex and a massive Mariano’s grocery store across from other retailers.
Orland Park is also home to a train station at 153rd street. The Metra offers easy access to downtown Chicago’s Union Station.
Downtown Chicago and the rest of the suburbs are also within easy access via several highways and interstates, including Interstates 80, 355, 294 and 55.
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LaGrange Road is the main thoroughfare in Orland Park, dotted with casual and fine dining options, specialty retailers and more. In addition to these amenities, Oak Forest Park, Orland Grove Forest Preserve, Orland Grassland and Centennial Park are all within arm’s reach for outdoor enthusiasts. Tampier Slough Woods and Palos Park Woods are also nearby, which have walking and biking paths, picnic facilities and more.
Orland is also home to the Silver Lake Country Club, a popular place for residents to hit some golfballs and one of the southwest suburb’s most popular wedding venues.
Living in Orland Park
Orland Park is considered to be an exceptionally livable community, with a score of 83 out of 100 by AreaVibes thanks to its education, nearby amenities and low crime rate.
Oak Forest Park/Flickr user Ceyhun (Jay) Isik
The lowest category is Orland Park’s cost of living, which received a D+ score. Orland Park’s cost of living index was 15 percent higher than the state of Illinois. However, the high school graduation rate is 11 percent higher than Illinois.
The median income in Orland Park is 39 percent higher than the state of Illinois, according to AreaVibes, and the median home value is 57 percent higher than the state’s value.
Current market conditions in Orland Park
According to Altos Research, the median price of a home in Orland was reported at $376,185 as of October 7, which on a 90-day average is an increase. However, in more real time, home prices are starting to trend downward slightly.
Altos shows the market is currently in the hands of buyers. Altos’ Market Action Index, which measures the conditions of a local market using a scale that values 30 as neutral, was reported below the 30 threshold for the past 12 months. As of October 7, the MAI was reported at 25.33, which is a showing a cooling trend.
Inventory is also running low in Orland Park, where there were about 346 properties available during the same time frame, Altos says.
