Why Live in Lake Katherine
Lake Katherine, spanning Palos Park and Palos Heights, is a residential neighborhood located 25 miles southwest of Chicago. Known for its serene environment and outdoor recreation, the area is named after the Lake Katherine Nature Center and Botanic Gardens. This 85-acre site features gardens, a nature center, a boathouse, and over 2 miles of walking trails. Residents enjoy activities such as kayaking, canoeing, and educational programs about the natural environment. Housing options include 1950s ranches with rustic facades and townhouses in subdivisions like Edelweiss on the Lake, which showcase Tudor-inspired designs. The neighborhood is served by highly rated schools: Palos East Elementary, Palos South Middle, and Amos Alonzo Stagg High, which offers a variety of extracurricular activities.
For dining and shopping, residents head to the nearby Harlem Avenue, home to locally owned restaurants like Kefi Greek Cuisine and Capri Ristorante Italian, and shops such as Wandering Wishes Boutique. Grocery needs are met at Jewel-Osco, located southeast of the neighborhood. Commuting is convenient with the Palos Park and Palos Heights Metra Stations, and access to Interstate 55 via State Route 43. The neighborhood also celebrates local events, including a holiday parade and a St. Patrick's Day waterfall dyeing at the nature center. Local employment opportunities are available at Trinity Christian College and Northwestern Palos Hospital. The crime rate in Lake Katherine is lower than the national average, contributing to its appeal as a peaceful suburban community.
Frequently Asked Questions
Is Lake Katherine a good place to live?
Lake Katherine is a good place to live. Lake Katherine is considered very car-dependent and bikeable. Lake Katherine is a suburban neighborhood. Lake Katherine has 7 parks for recreational activities. It is fairly sparse in population with 4.2 people per acre and a median age of 58. The average household income is $111,260 which is above the national average. College graduates make up 37.9% of residents. A majority of residents in Lake Katherine are home owners, with 4.6% of residents renting and 95.4% of residents owning their home. A
local real estate agent serving Lake Katherine can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Katherine neighborhood guide.
How much do you need to make to afford a house in Lake Katherine?
The median home price in Lake Katherine is $349,000. If you put a 20% down payment of $69,800 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $1,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in Lake Katherine. The average household income in Lake Katherine is $111K.
What are the best public schools in Lake Katherine?
The best public schools that serve Lake Katherine are:
What are the best private schools in Lake Katherine?
The best private schools that serve Lake Katherine are:
What are the most popular zip codes in Lake Katherine, Palos Park, IL?
What are the most popular neighborhoods near Lake Katherine, Palos Park, IL?
Are home prices dropping in Lake Katherine?
Yes, home prices in Lake Katherine are down 3% in the last 12 months.
Home Trends in Lake Katherine, IL
On average, homes in Lake Katherine, Palos Park sell after 15 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Katherine, Palos Park over the last 12 months is $339,900, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$339,900
Median Single Family Sale Price
$518,500
Median Townhouse Sale Price
$368,050
Median 2 Bedroom Sale Price
$277,500
Average Price Per Sq Ft
$185
Number of Homes for Sale
4
Last 12 months Home Sales
29
Median List Price
$349,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%