Silver Lake South, Orland Park, IL
Silver Lake South — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Silver Lake South, Orland Park, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Silver Lake South Neighborhood Overview
Silver Lake South is a residential neighborhood in the southwest Chicago suburb of Orland Park, Illinois. Characterized by its well-maintained homes and proximity to the scenic Silver Lake, it offers a classic suburban living experience. The community is known for its family-friendly atmosphere and convenient access to a wide range of amenities.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around outdoor recreation and shopping. The nearby Silver Lake provides opportunities for walking and enjoying nature, while the expansive Orland Square mall is a major regional retail destination. Daily needs are easily met with numerous grocery stores, restaurants, and services located along La Grange Road and 159th Street.
Real Estate Market
The real estate market in Silver Lake South consists primarily of single-family homes. According to the U.S. Census, the median home value is $321,700, while current market data shows an asking price per square foot of approximately $214. This indicates a stable and desirable housing market within the broader Orland Park area.
Schools & Education
Families in Silver Lake South are served by the highly regarded Orland School District 135 and Consolidated High School District 230. These public school districts are known for their strong academic programs and extracurricular offerings. The neighborhood's location also provides access to several private and parochial school options in the surrounding community.
Transportation & Connectivity
The neighborhood offers excellent connectivity via major roadways, including Interstate 80 and La Grange Road (Route 45). This provides straightforward commutes to Chicago, the surrounding suburbs, and major employment centers. While the area is primarily car-dependent, Pace bus service offers public transit options along key corridors.
Why Choose Silver Lake South
Silver Lake South is an ideal choice for those seeking a balanced suburban lifestyle with strong community roots. It combines the tranquility of a residential neighborhood with the convenience of nearby shopping, dining, and recreation. With its solid schools and stable housing market, it represents a compelling option for families and professionals in the southwest suburbs.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Silver Lake South Market Data
| Metric | Value |
|---|---|
| Median Home Price | $322K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $95K |
| Homeownership Rate | 83.2% |
| Renter-Occupied | 16.9% |
| Rental Vacancy Rate | 5.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 60462 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Silver Lake South, Orland Park
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Silver Lake South, Orland Park, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15