Meadow Lake Estates, Richton Park, IL
Meadow Lake Estates — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Meadow Lake Estates, Richton Park, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Meadow Lake Estates Neighborhood Overview
Meadow Lake Estates is a residential neighborhood located in the village of Richton Park, Illinois. It offers a suburban atmosphere within the broader Chicago metropolitan area. The community is characterized by its quiet streets and family-friendly environment.
Lifestyle & Amenities
Residents enjoy a peaceful suburban lifestyle with convenient access to local parks and green spaces. The neighborhood's setting provides a balance of tranquility and accessibility to daily necessities. Shopping and dining options are available within the nearby village center and surrounding areas.
Real Estate Market
The housing market in Meadow Lake Estates features single-family homes with a Census-reported median value of $183,000. Current market data indicates an asking price per square foot of approximately $124. This positions the neighborhood as an affordable option within the south suburban Chicago region.
Schools & Education
Families in Meadow Lake Estates are served by the Richton Park School District 227 and other local educational institutions. The area provides access to public schooling from elementary through high school levels. Specific school ratings and programs can be verified through the local district.
Transportation & Connectivity
The neighborhood benefits from good road access via major routes like Interstate 57 and Sauk Trail. Public transportation options include nearby Metra rail stations providing commuter service to downtown Chicago. This connectivity makes it feasible for residents to commute to the city and other job centers.
Why Choose Meadow Lake Estates
Meadow Lake Estates is an ideal choice for homebuyers seeking an affordable, stable community with a median household income of over $71,000. It offers the classic benefits of suburban living with direct access to urban opportunities. The combination of value, location, and a quiet atmosphere makes it a compelling neighborhood in the south 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
Meadow Lake Estates Market Data
| Metric | Value |
|---|---|
| Median Home Price | $183K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $71K |
| Homeownership Rate | 49.0% |
| Renter-Occupied | 51.0% |
| Rental Vacancy Rate | 2.6% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 60471 |
| 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 Meadow Lake Estates, Richton Park
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Meadow Lake Estates, Richton 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