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City · 7,827 residents · Lake County, Illinois

Park City , Illinois

In Park City, typical rent is $1,110 a month. Compared with all of Lake County, typical household income is 46% lower, typical rent is 25% lower, and the share of households that own their home is 12 points lower.

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  • Typical rent

    $1,110a month

    25% below the county

    13% below Illinois

    • Park City
    • Lake
    • Illinois

  • Typical household income

    $60,171a year

    46% below the county

    28% below Illinois

    • Park City
    • Lake
    • Illinois

  • Households that own their home

    63%

    12 points below the county

    4 points below Illinois

    • Park City
    • Lake
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$286,644
6.7% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Park City is in Lake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lake County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Park City apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Park City is $60,171, 46% less than in Lake County as a whole ($110,416).

  2. The typical rent in Park City is $1,110 a month, 25% less than in Lake County as a whole ($1,477).

  3. 63% of households in Park City own their home, against 75% in Lake County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Park City

What homes there are in Park City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Park City; the largest group, mobile homes, adds up to 56%, against 2% in Lake County.

Year built

By age, homes in Park City look like those in Lake County: the typical year built is 1986.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,544 a month

Lake County: $2,503 a month

Without a mortgage

$872 a month

Lake County: $1,088 a month

Owners with a mortgage

31%

Lake County: 64%

The typical cost for an owner with a mortgage in Park City is $1,544 a month, less than in Lake County ($2,503); without one, $872.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical rent in Park City rose 20% over the same time; in Lake County, it rose 23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePark CityLake CountyIllinoisUnited States
Rental vacancy Unreliable estimate3.7%5.0%5.5%
Homeowner vacancy Unreliable estimate0.9%1.0%0.9%
More than one person per room Unreliable estimate2.9%2.5%3.4%
People per household 2.852.692.462.53
Drive alone 81%66%66%69%
Carpool 13%9%8%9%
Public transit Unreliable estimate3%6%3%
Walk or bike Unreliable estimate2%3%3%
Work from home Unreliable estimate20%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Park City are bigger: 2.85 people on average; in Lake County, 2.69.

Carpooling is common in Park City: 13% of workers get to work that way, against 9% in Lake County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Park City?

The Census Bureau publishes no typical home value or typical household income for Park City, so we don't measure how heavy the payment is. Enter your own numbers in the calculator. The Census Bureau publishes no typical home value for Park City, so the calculator starts with the one for Lake County: $345,700. The rate is Freddie Mac’s weekly average (7.18%, November 5, 2026); yours may be different. The FHA and conventional loan limits are those of all of Lake County. Change the price, the down payment or the loan type and see how your payment changes.

The calculator's FHA and conventional loan limits are those of all of Lake County.

Your numbers

Local data
$

Starts at the typical home value in Park City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,100 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,697

at 7.18% · 30 years

Loan amount
$339,438
Total interest
$488,372
Paid off in
November 2056

Includes $5,838 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,404 a month

  • Tight

    $1,404 to $1,805 a month

  • Hard

    more than $1,805 a month

    Your payment · 54%

Compared with the typical household income in Park City ($60,171 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,697
Principal & interest$2,299
Property tax$101
Home insurance$144
FHA mortgage insurance (MIP)$153

You need at least $12,100 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Park City and Lake County

Park City is in Lake County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Park City's own numbers

Typical monthly rent
$1,110
Typical yearly household income
$60,171
Households that own their home
63%
Effective property tax rate
0.35%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lake County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lake County.

Everything about Lake County

Buying

Buying a home in Park City

The Census Bureau publishes no typical home value for Park City. Below are the numbers for Lake County.

How prices have changed in Lake County

According to FHFA’s house price index, home prices in Lake County rose 66% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lake County.

Period County Illinois U.S.
Last year (2025) +6.7% +5.7% +2.9%
5 years (2020–2025) +54% +47% +47%
10 years (2015–2025) +66% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Park City next to Lake County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical monthly rent
  • Park City $1,110
  • Lake $1,477
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Park City $60,171
  • Lake $110,416
  • Illinois $83,390
  • United States $80,734
See the full table
Park City next to Lake County and Illinois
Measure Park City Lake County Illinois U.S.
Typical monthly rent $1,110 $1,477 $1,274 $1,413
Typical yearly household income $60,171 $110,416 $83,390 $80,734
Households that own their home 63% 75% 67% 65%
Typical yearly property tax $199 $8,923 $5,298 $3,119
Effective property tax rate 0.35% 2.58% 2.01% 0.94%
Renters with high rent for their income 49% 49% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Park City

The Census Bureau publishes no typical home value for Park City, so we don't build this table. You can enter the price you're looking for in the calculator above.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Park City and for Lake County.

Property tax

Effective rate in Park City

0.35%of the home’s value each year

$199 a year for the typical owner in Park City.

  • Park City 0.35%
  • Lake 2.58%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Lake County

FEMA does not publish these numbers by city: they are for all of Lake County.

Homes in the high-risk zone
2%
4,579
Of those, with NFIP insurance
24%
County Illinois U.S.
Homes in the high-risk zone 2% 1.5% 3.5%
Of those, with NFIP insurance 24% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Park City

Typical rent in Park City is $1,110 a month: 25% below the county. In Park City, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lake County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Lake County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Park City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Park City is in ZIP code 60085.

For 2 bedrooms it is $1,720: $291 less than the fair market rent for Lake County ($2,011).

  • 60085 $1,720$2,210

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Park City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Park City

HUD lists one building with rents for lower incomes in Park City.

  • Colonial Park Apts 748 Sharon Ave, Park City 60085 240 low-income homes · Studio: 8 · 1 bd: 112 · 2 bd: 80 · 3 bd: 32 · 4 bd: 8 · In service since 2011

See all 67 buildings in Lake County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Park City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Lake County; 1 says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Park City

No down payment, repair or rent-help program on our list is for Park City or Lake County. The ones below are statewide in Illinois: they work in Park City the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Park City

The HUD-approved agencies closest to the center of Park City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Partners for Affordable Housing

    800 S Milwaukee Ave Ste 201, Libertyville · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (847) 263-7478

  • Lake County Housing Authority

    22843 N Lakewood Ln, Lake Zurich · 14 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (847) 223-1170

  • Hana Center-Prospect Heights

    664 N Milwaukee Ave Ste 213, Prospect Heights · 17 miles away · Spanish

    Also serves in Korean.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (847) 520-1999

Every agency in Lake County All counseling agencies in Illinois

Help in Spanish near Park City

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Park City

HUD’s record names them for Park City or Lake County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of Lake, IL. Public housing and Section 8 vouchers (847) 223-1170

2 other authorities have an office in Lake County: see the list Source: HUD

Cities

Other cities in Lake County

These cities are also in Lake County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lake County Housing in Illinois
See 20 more cities in Lake County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Park City, with the typical home value.

Neighboring counties

If Lake County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Park City.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Park City

Short answers with the numbers for Park City and all of Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does it cost to rent in Park City?

Typical rent in Park City is $1,110 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lake County is $2,011.

What is the FHA loan limit in Park City?

Park City uses the FHA limit for all of Lake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Park City?

The typical homeowner in Park City pays $199 a year, according to the U.S. Census Bureau. That is 0.35% of the home’s value; in Lake County, the rate is 2.58%.

Where can I find free help to buy or rent in Park City?

There are 2 HUD-approved counseling agencies with an office in Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).