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 Size

Housing Units by Size
Studio Type1.50%
One Bedroom15.30%
Two Bedrooms35.30%
Three Bedrooms26.80%
Four Bedrooms17.60%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1975
Median Value of occupied units$199,200
Median Price asked for vacant units$175,000

Rented Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1978
Median Monthly Rent asked for vacant units$871

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage6%
Home Equity Loan11.80%
Simple Mortgage62.90%
Debt Free19%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.7%