Lake Katherine, Palos Park, IL
Lake Katherine — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Lake Katherine, Palos Park, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Lake Katherine Neighborhood Overview
Lake Katherine is a premier, nature-centric neighborhood within the Village of Palos Park, Illinois. The community is master-planned around its namesake, a stunning 85-acre private lake and nature preserve. This serene setting offers residents a unique blend of upscale suburban living with immediate access to extensive natural beauty and outdoor recreation.
Lifestyle & Amenities
The heart of the neighborhood is the Lake Katherine Nature Center & Botanic Gardens, which provides miles of walking trails, gardens, and educational programs. Residents enjoy a quiet, family-oriented atmosphere with a strong sense of community, all while being just minutes from the shopping and dining found in downtown Palos Park. The private lake allows for activities like fishing, kayaking, and simply enjoying the peaceful waterfront views.
Real Estate Market
The real estate market in Lake Katherine is characterized by substantial, custom-built homes on spacious lots, reflecting its premium status. With a Census median home value of $452,900 and a current market price per square foot around $249.93, properties here represent a significant investment in a highly desirable location. The market consists primarily of single-family homes, many offering scenic views of the lake, woods, and meticulously landscaped grounds.
Schools & Education
Families in Lake Katherine are served by the highly regarded Palos Community Consolidated School District 118 and Consolidated High School District 230. These public school districts are known for their strong academic programs and extracurricular offerings. The neighborhood's proximity to several respected private schools and colleges in the broader southwest suburban area provides additional educational options for residents.
Transportation & Connectivity
Lake Katherine offers a balance of secluded living and convenient access to major roadways, including I-55 and the Tri-State Tollway (I-294). While the neighborhood itself is car-dependent, the nearby Palos Park Metra station provides a direct rail line to Chicago's Union Station for commuters. The location provides relatively easy drives to major employment centers, Midway International Airport, and the wider amenities of the Chicago region.
Why Choose Lake Katherine
Choosing Lake Katherine means investing in a lifestyle where luxury suburban homes meet a pristine natural environment. It is ideal for those seeking privacy, space, and an active connection to nature without sacrificing the conveniences of suburban living. The combination of a tight-knit community, excellent schools, and unique amenities like the private lake and preserve makes it a distinctive and highly sought-after address 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
Lake Katherine Market Data
| Metric | Value |
|---|---|
| Median Home Price | $453K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $128K |
| Homeownership Rate | 91.5% |
| Renter-Occupied | 8.5% |
| Rental Vacancy Rate | 48.2% |
| Market Type | Buyer's |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 60464 |
| 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 Lake Katherine, Palos Park
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Lake Katherine, Palos 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 2026-10-12