Palatine, IL is an attractive place for potential homeowners, as the median value of housing in the area is $305,600 - significantly lower than that of the US at $338,100. Additionally, Palatine has seen an impressive 8.83% appreciation in house values over the past year, higher than the US national average of 8.27%. This indicates that there is a strong real estate market in Palatine and that it is likely to continue to appreciate in value.
The median home cost in Palatine is $305,600. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Palatine is up 14.5%.
Average Age of Homes
- The median age of Palatine real estate is 40 years old
The Rental Market in Palatine
- Renters make up 29.3% of the Palatine population
- 2.2% of houses and apartments in Palatine, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.