Why Live in Lancaster Woods
Lancaster Woods in Tinley Park is a well-organized community located in the northeast corridor of one of Chicago's fastest-growing suburbs. The neighborhood features a variety of home styles, including ranch-style houses, modernized Victorians, split levels, and Contemporary custom builds, many with spacious yards, driveways, and garages. The area is known for its lush nature preserves such as St. Mihiel Woods East, Yankee Woods, and the George Dunne National Golf Course, offering residents ample opportunities for outdoor activities. Lancaster Woods Park and Robert Allen McAllister Park provide local green spaces for picnicking and leisurely walks. The neighborhood is served by highly rated schools, including Tinley Park High, which offers an Advanced Placement curriculum. Residents have access to shopping and dining options at Tinley Park Commons, featuring Jewel-Osco and Rubino's Italian Imports, as well as local eateries like Old Tinley Pub & Eatery and Mely's Mexican Cuisine. Commuting to downtown Chicago is convenient via Interstate 57 North, a 27-mile drive, or the Tinley Park Station, which offers commuter rail access to the city in under an hour. Lancaster Woods is noted for its lower-than-average property taxes compared to nearby suburbs, making it a practical choice for those seeking a quiet suburban lifestyle with easy access to urban amenities.
Frequently Asked Questions
Is Lancaster Woods a good place to live?
Lancaster Woods is a good place to live. Lancaster Woods is considered very car-dependent and somewhat bikeable. Lancaster Woods is a suburban neighborhood. Lancaster Woods has 6 parks for recreational activities. It is somewhat dense in population with 9.2 people per acre and a median age of 41. The average household income is $92,889 which is below the national average. College graduates make up 36.6% of residents. A majority of residents in Lancaster Woods are home owners, with 45.5% of residents renting and 54.5% of residents owning their home. A
local real estate agent serving Lancaster Woods can help you decide if this neighborhood is the right one for you. Learn more on our
Lancaster Woods neighborhood guide.
How much do you need to make to afford a house in Lancaster Woods?
The median home price in Lancaster Woods is $325,000. If you put a 20% down payment of $65,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,680 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $72K a year to afford the median home price in Lancaster Woods. The average household income in Lancaster Woods is $93K.
What are the best public schools in Lancaster Woods?
The best public schools that serve Lancaster Woods are:
What are the best private schools in Lancaster Woods?
The best private schools that serve Lancaster Woods are:
What are the most popular zip codes in Lancaster Woods, Tinley Park, IL?
What are the most popular neighborhoods near Lancaster Woods, Tinley Park, IL?
Home Trends in Lancaster Woods, IL
On average, homes in Lancaster Woods, Tinley Park sell after 15 days on the market compared to the national average of 70 days. The median sale price for homes in Lancaster Woods, Tinley Park over the last 12 months is $312,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$312,000
Median Single Family Sale Price
$312,000
Median 2 Bedroom Sale Price
$649,900
Average Price Per Sq Ft
$246
Number of Homes for Sale
2
Last 12 months Home Sales
33
Median List Price
$325,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
2%