What HUD offices serve Palos Hills, Illinois?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Palos Hills.
How many renters live in Palos Hills, Illinois?
The City of Palos Hills has 18,278 people living in 7,356 households.
There are 3,050 renters living in 1,542 renter households in this City. Renters make up 16.69 percent of the population living in Palos Hills.
What is the rental market like in Palos Hills, Illinois?
There are an estimated 7,901 housing units in the Palos Hills area. Of these, 1,657 units are rental homes, making up 21 percent of the housing market. For every renter household in Palos Hills, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in Palos Hills?
The rental vacancy rate in Palos Hills is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Palos Hills for each bedroom size?
Occupied Rental Units by Size in Palos Hills
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 15 | 624 | 811 | 66 | 26 |
Occupied Rental Units by Size in Palos Hills
A large number of apartments in Palos Hills have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Palos Hills are overburdened by housing costs?
Among renter households in this market, 40 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Palos Hills
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,399 to $2,583. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,399 |
| One BR | $1,507 |
| Two BR | $1,714 |
| Three BR | $2,182 |
| Four BR | $2,583 |
2024 Fair Market Rents in Palos Hills, Illinois
How many units are rented at Fair Market Rent (FMR) in Palos Hills?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 12 | 80 percent |
| One BR | 588 | 94 percent |
| Two BR | 565 | 70 percent |
Rental Units Below FMR in Palos Hills, Illinois
How many affordable rental units are in Palos Hills?
Income Based Apartments in Palos Hills, Illinois
Palos Hills features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Palos Hills, Illinois
There are 384 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Palos Hills.
Housing Choice Vouchers in Palos Hills, Illinois
On average, Section 8 Housing Choice vouchers pay Palos Hills landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Palos Hills.
The maximum amount a voucher would pay on behalf of a low-income tenant in Palos Hills, Illinois for a two-bedroom apartment is between $1,543 and $1,885.
Sourced from federal housing data and AffordableHousingOnline.com research.
