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

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Highlights
- The median age of a home in Palatine is 38.6% older than the median age of a home in Grayslake.
 Palatine, ILGrayslake, ILUnited States
 Median Home Age44  Unlock42
 Median Home Cost  Unlock$280,800$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$28.8$11.0
 Homes Owned63.1%  Unlock57.4%
 Housing Vacant  Unlock4.1%11.2%
 Homes Rented30.8%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Palatine, ILGrayslake, ILUnited States
 Average Rent  Unlock$1,960$1,840
 Studio Apartment$1,290  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,370$1,180
 2 Bedroom Home or Apartment$1,600  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,990$1,860
 4 Bedroom Home or Apartment$2,420  Unlock$2,160
 space1
 Vacant Housing
 Palatine, ILGrayslake, ILUnited States
 Vacant For Rent  Unlock1.4%1.9%
 Vacant Rented0.3%  Unlock0.4%
 Vacant For Sale  Unlock1.3%0.7%
 Vacant Sold0.3%  Unlock0.4%
 Vacant Vacation  Unlock0.8%3.6%
 Vacant Other2.0%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Palatine, ILGrayslake, ILUnited States
 Less Than $20,000  Unlock0.7%2.6%
 $20,000 to $39,9990.7%  Unlock2.4%
 $40,000 to $59,999  Unlock1.3%2.8%
 $60,000 to $79,9991.1%  Unlock3.9%
 $80,000 to $99,999  Unlock1.5%4.5%
 $100,000 to $149,99912.4%  Unlock11.3%
 $150,000 to $199,999  Unlock18.8%13.0%
 $200,000 to $299,99925.9%  Unlock20.1%
 $300,000 to $399,999  Unlock21.5%13.6%
 $400,000 to $499,99912.6%  Unlock8.3%
 $500,000 to $749,999  Unlock1.0%9.7%
 $750,000 to $999,9991.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.6%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
 space3
 Housing Units By Year Built
 Palatine, ILGrayslake, ILUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock18.1%13.6%
 2000 to 20099.0%  Unlock13.6%
 1990 to 1999  Unlock46.1%13.6%
 1980 to 198917.9%  Unlock13.2%
 1970 to 1979  Unlock7.4%14.8%
 1960 to 196912.9%  Unlock13.6%
 1950 to 1959  Unlock5.5%10.0%
 1940 to 19492.7%  Unlock4.7%
 1939 or Earlier  Unlock4.3%12.2%
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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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Reviews for Grayslake    3 Reviews
diane · Grayslake, IL
Property tax
Over 11 years ago

Property tax is one of the highest in the nation a $220000 home will cost you $10980 in taxes annually as of 9/2014 This information can be verified on the  More

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Mom2 · Grayslake, IL
Humid in summer, cold in winter
Over 14 years ago

Grayslake weather is very difficult to enjoy outdoor activities. In summer, it is SO humid and hot and full of mosquitos that you cannot enjoy a beautiful summer night.  More

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Fred · Grayslake, IL
Property Taxes are high
Over 15 years ago

3% of home value annually/ A $300,000 home will cost you 10K in annual property taxes. Where does it all  More

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Learn More About Palatine, Illinois
Overview
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Learn More About Grayslake, Illinois
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