Orland Park & Orland Hills: Since its establishment more than 100 years ago, Orland Park has blossomed into a dynamic and progressive community of 52,000-plus residents. Only 30 miles southwest of downtown Chicago, the community is an ideal blend of work and play. Recreational opportunities abound in various parks and centers around the city. The area's thousands of acres of forest preserve feature pleasant hiking trails, scenic bridle and bike paths, and is home to many wildlife refuges. Aptly named, Orland Park boasts an excellent park system that includes a multimillion-dollar aquatic center and more than 20 golf areas throughout the city. Not only play, this community also enjoys the services of an excellent library, the nearby attractions of Chicago and nationally acclaimed schools and colleges such as Chicago State University, Illinois Institute of Technology, Loyola University Chicago, Olivet Nazarene University, Purdue University Calmut, Saint Augustine College, Trinity Christian College, University of Saint Francis, Vandercook College of Music and Wheaton College. The nearby city of Orland Hills offers much of the same. Both are tight-knit communities that offer an excellent quality of life.
Price Range of Houses in Orland Hills & Orland Park
The Orland Hills and Orland Park real estate markets offers a comfortable mix of condominiums and townhouses along with single-family properties. Townhouses range in price from around $100,000 to above $600,000. Single-family homes in Orland Hills and Orland Park start at just under $200,000 and range up to $4 million and more for large estate properties on wooded lots. There are also a number of magnificent gated communities with homes starting at $500,000.
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Orland Park and Orland Hills Real Estate Stats and Trends for the week of January 22nd, 2020: homes priced around $289,484 compared to $288,691 the previous week, for a slight increase of less than +1%. For Wednesday, January 22nd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.