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2025 Compare Cities Housing:
Inverness, IL vs Palatine, IL

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Highlights
- The median age of a home in Inverness is 15.8% younger than the median age of a home in Palatine.
 Inverness, ILPalatine, ILUnited States
 Median Home Age38  Unlock42
 Median Home Cost  Unlock$305,600$338,100
 Home Appr. Last 12 months14.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock31.8%57.0%
 Home Appr. Last 10 yrs.54.6%  Unlock101.1%
 Property Tax Rate  Unlock$25.1$11.0
 Homes Owned89.5%  Unlock57.4%
 Housing Vacant  Unlock6.1%11.2%
 Homes Rented0.9%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Inverness, ILPalatine, ILUnited States
 Average Rent  Unlock$2,010$1,840
 Studio Apartment$1,550  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,400$1,180
 2 Bedroom Home or Apartment$1,930  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,040$1,860
 4 Bedroom Home or Apartment$2,910  Unlock$2,160
 space1
 Vacant Housing
 Inverness, ILPalatine, ILUnited States
 Vacant For Rent  Unlock2.2%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.7%0.7%
 Vacant Sold1.8%  Unlock0.4%
 Vacant Vacation  Unlock0.6%3.6%
 Vacant Other2.2%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Inverness, ILPalatine, ILUnited States
 Less Than $20,000  Unlock0.5%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.7%2.8%
 $60,000 to $79,9990.5%  Unlock3.9%
 $80,000 to $99,999  Unlock1.6%4.5%
 $100,000 to $149,9990.0%  Unlock11.3%
 $150,000 to $199,999  Unlock8.2%13.0%
 $200,000 to $299,9992.9%  Unlock20.1%
 $300,000 to $399,999  Unlock23.2%13.6%
 $400,000 to $499,99911.0%  Unlock8.3%
 $500,000 to $749,999  Unlock11.7%9.7%
 $750,000 to $999,99923.5%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9991.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.1%1.1%
 space3
 Housing Units By Year Built
 Inverness, ILPalatine, ILUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock9.0%13.6%
 2000 to 200916.1%  Unlock13.6%
 1990 to 1999  Unlock12.9%13.6%
 1980 to 198933.1%  Unlock13.2%
 1970 to 1979  Unlock28.7%14.8%
 1960 to 19699.6%  Unlock13.6%
 1950 to 1959  Unlock9.5%10.0%
 1940 to 19493.7%  Unlock4.7%
 1939 or Earlier  Unlock2.7%12.2%
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Reviews for Inverness    1 Reviews
Jerry  · Barrington, IL
Safe but pricey
Over 18 years ago

Great location if you work nearby or have kids in school. Otherwise you pay areal premium for this community with minimal  More

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Reviews for Palatine    7 Reviews
Elspeth · Palatine, IL
The Flaws and Strengths of Palatine
Over 3 years ago

No town is perfect. One flaw in Palatine are that it lacks enough updated, healthier food restaurants. A more serious flaw is that the elementary district does not  More

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Cheryl · Palatine, IL
Sales Tax Rate
Over 15 years ago

The correct total Sales Tax Rate for Palatine, Cook County, IL is 9.5%, not  More

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Dipin · Palatine, IL
Great place to live!
Over 15 years ago

Palatine is a great community for raising a family. Good schools and extremely low crime rate just add to that point. Minutes to Schaumburg and all the shopping and  More

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Learn More About Inverness, Illinois
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