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Palatine, IL
Full City Profile · Illinois · McHenry County County
3.8
/5.0
B+
Good
66,548
Population
4,713/sq mi density
$95,950
Median Income
$49,950 per capita
$347,900
Home Value
$364,894 Zillow
$1,467
Median Rent
30.1% income on rent
48°F
Avg Temperature
246 sunny days/yr
62
Violent Crime/100K
453 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$95,950 median income, 3.2% unemployment
A+
Affordability
4.6 / 5.0
$347,900 home value, $1,467/mo rent
F
Safety
1.0 / 5.0
62 violent crimes/100K
A+
Education
5.0 / 5.0
49.8% bachelor's degree or higher
Housing Overview
Median Home Value
$347,900
23% above
US avg: $281,900
Median Rent
$1,467/mo
26% above
US avg: $1,163/mo
Homeownership Rate
67.2%
3% above US avg (65.4%)
Total Housing Units
28,065
Median year built: 1977
Home Value by Source
Census Median
$347,900
Zillow (ZHVI)
$364,894
Median Sale Price
$297,500
Median List Price
$304,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.2%
Owner-Occupied
32.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,467/mo
· Zillow rent:
$1,963/mo
Market Indicators (Redfin)
Median Days on Market
57 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
42
Price Drops
10.9%
of listings with price reduction
Price Per Sq Ft
$213
Active Inventory
119
homes for sale
Affordability & Housing Stock
Rent Burden
30.1%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
67.2%
Complete Housing Data
Home Values
| Census Median Value | $347,900 |
| Zillow Home Value (ZHVI) | $364,894 |
| Median Sale Price | $297,500 |
| Median List Price | $304,950 |
| Price Per Sq Ft | $213 |
Rent
| Census Median Rent | $1,467 |
| Zillow Rent (ZORI) | $1,963 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 57 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.9% |
| Homes Sold | 42 |
| Active Inventory | 119 |
| Price Per Sq Ft | $213 |
Ownership & Stock
| Owner-Occupied | 67.2% |
| Renter-Occupied | 32.8% |
| Homeownership Rate | 67.2% |
| Total Housing Units | 28,065 |
| Median Year Built | 1977 |
| Rent Burden | 30.1% |