Palatine, IL Real Estate
According to census data in the year 2000 there were 26,217 housing units in Palatine.
This represents a 65.4% growth from 15,851 in 1990.
Of those housing units, 26,217 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Palatine is about 69.2%.
Palatine's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Palatine were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 15.30% |
| Two Bedrooms | 35.30% |
| Three Bedrooms | 26.80% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $199,200 |
| Median Price asked for vacant units | $175,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $871 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 62.90% |
| Debt Free | 19% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
