Zip 60074 (Palatine, IL) Housing

The housing median value in Palatine, IL (zip code 60074) is $244,100, which is slightly lower than the US House Median Value of $338,100. However, this area has seen a higher rate of appreciation over the past year at 8.83%, compared to the US average of 8.27%. This indicates thatPalatine is a desirable place to live and invest in real estate. With its convenient access to Chicago and various amenities within the city itself, it's no wonder why people are eager to move here and buy property.

The median home cost in Palatine (zip 60074) is $244,100. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Palatine (zip 60074) is up 14.5%.

Average Age of Homes

- The median age of Palatine (zip 60074) real estate is 42 years old

The Rental Market in Palatine (zip 60074)

- Renters make up 34.3% of the Palatine (zip 60074) population
- 2.3% of houses and apartments in Palatine (zip 60074), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Palatine, Illinois	United States
	15,244.0	139,647,020.0
	45	42
	$244,100	$338,100
	14.5%	16.6%
	31.8%	57.0%
	54.6%	101.1%
	$23.09	$10.98
	$5,837	$2,690
	57.7%	57.4%
	5.1%	11.2%
	37.2%	31.4%
Vacant Housing
	2.3%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.1%	0.4%
	0.7%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.7%	2.4%
	1.3%	2.8%
	1.7%	3.9%
	2.5%	4.5%
	21.4%	11.3%
	11.0%	13.0%
	26.4%	20.1%
	21.9%	13.6%
	8.4%	8.3%
	3.9%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.7%	13.6%
	2.7%	13.6%
	11.3%	13.6%
	21.1%	13.2%
	32.7%	14.8%
	11.3%	13.6%
	9.3%	10.0%
	2.5%	4.7%
	2.0%	12.2%

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