HomeIllinoisCook CountyPalos Park village
Palos Park village, Illinois: commercial real estate data.
Palos Park village is a Census village of 4,816 people across 6.45 square miles of land, in Cook County. Median household income is $121,696, 89.8 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $743,200.
68 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Palos Park
What Palos Park is
- Census place typevillage
- Land area6.45 sq mi
- Water area0.12 sq mi
- Population per square mile of land747
- County holding the largest share of its areaCook County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palos Park
How many people live in Palos Park
- Population4,816
- Median age59.7
- Population under 18781 plus or minus 256
- Share under 1816.2 percent plus or minus 5.3
- Population 65 and over1,775
- Share 65 and over36.9 percent
- Households2,036
- Family households1,334
- Share of households that are families65.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palos Park
Income and work in Palos Park
- Median household income$121,696
- Per capita income$94,436 plus or minus $21,173
- Civilian labor force2,150
- Employed2,048
- Unemployed102 plus or minus 78
- Unemployment rate4.7 percent plus or minus 3.6
- Adults 25 and over3,945
- Adults 25 and over with a high school diploma or higher94.9 percent
- Adults 25 and over with a bachelor degree or higher51.7 percent
- Adults 25 and over with a graduate degree24.6 percent plus or minus 5.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palos Park
Housing in Palos Park
- Housing units2,184
- Occupied units2,036
- Vacant units148 plus or minus 118
- Vacancy rate6.8 percent plus or minus 5.3
- Owner occupied1,828
- Renter occupied208 plus or minus 144
- Ownership rate89.8 percent
- Median owner-occupied home value$464,700
- Single family units1,864
- Share single family85.3 percent
- Units in buildings of two or more320 plus or minus 201
- Share in buildings of two or more14.7 percent plus or minus 9.0
- Mobile homes0
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palos Park
How Palos Park gets to work
- Workers 16 and over who commute1,458
- Commuting under 15 minutes339 plus or minus 233
- Share commuting under 15 minutes23.3 percent plus or minus 15.5
- Commuting 30 minutes or more589 plus or minus 194
- Share commuting 30 minutes or more40.4 percent plus or minus 11.6
- Drove alone61.8 percent
- Carpooled6.4 percent plus or minus 3.7
- Public transport1.5 percent plus or minus 1.5
- Walked0.6 percent plus or minus 0.9
- Worked from home28.8 percent plus or minus 11.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palos Park
SBA loans in Palos Park (7(a))
- Approvals10
- Gross approval$743,200
- Average approval$74,320
- Median approval$72,000
- Ninetieth percentile approval$157,500
- Largest approval$157,500
- Jobs supported68
- Jobs per approval6.8
- Loans with a final outcome7
- Paid in full7
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS6
A charge-off rate is not published here. only 7 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palos Park
Flood risk in Palos Park
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170144
- Currently effective map date11/01/19
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Cook County, not Palos Park
Cook County context, not Palos Park figures
These are Cook County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Palos Park measurements.
- Establishments in Cook County134,513
- Employment at those establishments, Cook County2,492,328
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Average weekly wage, Cook County$1,672
- Housing units permitted, Cook County6,507
- Of those, single family, Cook County1,142
- County product, 2024, Cook County$546,440,623,000
- County product change over the prior year, Cook County4.6 percent
- Average income of an arriving household, Cook County$91,691
Every figure in this section is published for Cook County as a whole and is not a measurement of Palos Park. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No median gross rent is published for this place.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Palos Park questions, answered from the record.
How many people live in Palos Park, Illinois?
4,816, in 2,036 households. Palos Park village covers 6.45 square miles of land, which is 747 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Palos Park in?
Cook County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Palos Park?
$121,696. The median owner-occupied home is valued at $464,700. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Palos Park businesses?
10 7(a) approvals totalling $743,200, across 2 lenders, median approval $72,000. These count approvals to borrowers whose address is in Palos Park, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Palos Park borrowers get paid back?
No rate is published for Palos Park. only 7 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Palos Park in the National Flood Insurance Program?
Yes. Palos Park appears in the FEMA Community Status Book as community 170144, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Palos Park figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cook County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Palos Park.
Is zoning published for Palos Park?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.