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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||11.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.7%|