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Palatine, IL Housing

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As of 2010-2014, median price of a house in Palatine is $269,200, which is higher than the state average of $175,700 and is higher than the national average of $175,700. The Palatine median house value has grown by 35.14% since 2000. The growth rate for the price of a house in Palatine is about the same as the state average rate of 34.33% and is lower than the national average rate of 46.91%. The median year that a house in Palatine was built is 1977, which is newer than the median year for a house built in the state which is 1967 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 17,933 Owner Occupied Houses in Palatine, IL, #94

Palatine, IL	269,200 USD
Illinois	175,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #622

Palatine, IL	35.14%
Illinois	34.33%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Palatine, IL	Illinois	U.S.
Total Housing Units	28,044, see rank, 100%	5,299,433	132,741,033
Occupied Housing Units	26,163, 93.29%, see rank	90.17%	87.55%
Owner Occupied	17,933, 63.95%, see rank	60.28%	56.34%
Renter Occupied	8,230, 29.35%, see rank	29.89%	31.21%
Vacant Housing Units	1,881, 6.71%, see rank	9.83%	12.45%
For Rent	640, 2.28%, see rank	2.18%	2.34%
For Sale Only	362, 1.29%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	104, 0.37%, see rank	0.87%	0.92%
For Seasonal, Recreational, or Occasional Use	121, 0.43%, see rank	0.95%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	654, 2.33%, see rank	4.46%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #225

Palatine, IL	Illinois	U.S.
1977	1967	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Palatine, IL	%	Illinois	U.S.
Owner-Occupied Units	17,933	100%	3,194,707	74,787,460
With a Mortgage	12,973	72.34%, see rank	67.18%	65.58%
Without a Mortgage	4,960	27.66%, see rank	32.82%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Palatine, IL	1,983 USD
Illinois	1,676 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Palatine, IL	%	Illinois	U.S.
$299 or Less	0	0.00%, see rank	0.14%	0.20%
$300 to $499	54	0.42%, see rank	1.21%	1.59%
$500 to $699	121	0.93%, see rank	4.05%	5.01%
$700 to $999	756	5.83%, see rank	11.52%	14.32%
$1,000 to $1,499	2,328	17.94%, see rank	24.62%	27.90%
$1,500 to $1,999	3,354	25.85%, see rank	22.62%	20.35%
$2,000 to $2,999	4,155	32.03%, see rank	24.08%	19.52%
$3,000 or More	2,205	17.00%, see rank	11.76%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Palatine, IL	25.50% of the Total Income
Illinois	24.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Palatine, IL	%	Illinois	U.S.
10% or Less	486	3.75%, see rank	5.20%	5.86%
10% to 20%	3,429	26.43%, see rank	31.00%	31.95%
20% to 30%	4,237	32.66%, see rank	27.90%	27.64%
30% to 40%	1,993	15.36%, see rank	14.28%	13.74%
40% or More	2,786	21.48%, see rank	21.15%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Palatine, IL	784 USD
Illinois	572 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Palatine, IL	%	Illinois	U.S.
$199 or Less	21	0.42%, see rank	4.12%	7.76%
$200 to $299	125	2.52%, see rank	8.95%	14.70%
$300 to $499	678	13.67%, see rank	27.30%	34.63%
$500 to $699	1,127	22.72%, see rank	25.34%	21.16%
$700 or More	3,009	60.67%, see rank	34.29%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Palatine, IL	14.80% of the Total Income
Illinois	13.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Palatine, IL	%	Illinois	U.S.
10% or Less	1,458	29.40%, see rank	34.64%	40.19%
10% to 20%	1,598	32.22%, see rank	34.00%	31.47%
20% to 30%	900	18.15%, see rank	13.55%	12.24%
30% to 40%	351	7.08%, see rank	6.36%	5.64%
40% or More	605	12.20%, see rank	10.25%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Palatine, IL	Illinois	U.S.
Total Housing Units	28,044, 100%	5,299,433	132,741,033
1-unit, Detached	11,773, 41.98%, see rank	58.58%	61.65%
1-unit, Attached	4,360, 15.55%, see rank	5.85%	5.82%
2 Units	382, 1.36%, see rank	5.71%	3.75%
3 or 4 Units	1,547, 5.52%, see rank	6.80%	4.43%
5 to 9 Units	3,939, 14.05%, see rank	6.22%	4.78%
10 or More Units	6,012, 21.44%, see rank	14.23%	13.08%
Mobile Home, Boat, RV, Van, etc.	31, 0.11%, see rank	2.61%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Palatine, IL	Illinois	U.S.
Total Housing Units	28,044, 100%	5,299,433	132,741,033
1 Room	205, 0.73%, see rank	2.20%	1.95%
2 Rooms	457, 1.63%, see rank	2.22%	2.48%
3 Rooms	3,257, 11.61%, see rank	8.27%	9.13%
4 Rooms	6,143, 21.90%, see rank	16.08%	16.60%
5 Rooms	4,378, 15.61%, see rank	20.31%	20.41%
6 Rooms	3,789, 13.51%, see rank	18.17%	18.06%
7 Rooms	3,137, 11.19%, see rank	12.12%	12.27%
8 Rooms	2,678, 9.55%, see rank	8.93%	8.48%
9 Rooms or More	4,000, 14.26%, see rank	11.70%	10.60%
Median Rooms	5.40, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Palatine, IL	Illinois	U.S.
Total Housing Units	28,044, 100%	5,299,433	132,741,033
No Bedroom	214, 0.76%, see rank	2.50%	2.17%
1 Bedroom	3,608, 12.87%, see rank	11.67%	11.16%
2 Bedrooms	9,879, 35.23%, see rank	29.01%	26.69%
3 Bedrooms	7,765, 27.69%, see rank	36.76%	39.70%
4 Bedrooms	5,343, 19.05%, see rank	15.97%	16.05%
5 or More Bedrooms	1,235, 4.40%, see rank	4.10%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Palatine, IL	Illinois	U.S.
Total Housing Units	26,163, 100%	4,778,633	116,211,092
Utility Gas	21,662, 82.80%, see rank	79.46%	48.85%
Bottled, Tank, or LP Gas	196, 0.75%, see rank	4.08%	4.86%
Electricity	4,097, 15.66%, see rank	14.82%	36.68%
Fuel Oil, Kerosene, etc.	65, 0.25%, see rank	0.20%	5.86%
Coal or Coke	15, 0.06%, see rank	0.02%	0.12%
Wood	8, 0.03%, see rank	0.50%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	85, 0.32%, see rank	0.45%	0.47%
No Fuel Used	35, 0.13%, see rank	0.46%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Palatine, IL	Illinois	U.S.
Occupied Units Paying Rent	8,049, 100%	1,513,617	39,201,928
$199 or Less	49, 0.61%, see rank	1.84%	1.50%
$200 to $299	96, 1.19%, see rank	3.23%	3.18%
$300 to $499	117, 1.45%, see rank	7.28%	7.37%
$500 to $699	190, 2.36%, see rank	15.00%	16.01%
$700 to $999	2,317, 28.79%, see rank	33.11%	29.17%
$1,000 to $1,499	3,807, 47.30%, see rank	26.04%	26.88%
$1,500 to $1,999	1,010, 12.55%, see rank	8.81%	9.79%
$2,000 or More	463, 5.75%, see rank	4.70%	6.10%
Median	$1,130, see rank	$903	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Palatine, IL	Illinois	U.S.
Occupied Housing Units	26,163, 100%	4,778,633	116,211,092
No Vehicles Available	1,030, 3.94%, see rank	10.79%	9.12%
1 Vehicles Available	9,192, 35.13%, see rank	35.14%	33.80%
2 Vehicles Available	11,853, 45.30%, see rank	36.99%	37.48%
3 or More Vehicles Available	4,088, 15.63%, see rank	17.09%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.