Housing · Palatine
Palatine, IL housing market
The typical Palatine home is worth about $393,000, up 6.4% in a year, 32% above the Illinois typical home.
Home values, sales, trends and how Palatine compares with the towns next door — updated as new data is published.
The market right now
Palatine at a glance
Typical home value
$393K
▲ 6.4% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
PalatineIllinois
Show as a table
| January | Palatine | Illinois |
|---|---|---|
| 2017 | $254,000 | $181,000 |
| 2018 | $266,000 | $190,000 |
| 2019 | $268,000 | $195,000 |
| 2020 | $267,000 | $200,000 |
| 2021 | $276,000 | $215,000 |
| 2022 | $299,000 | $236,000 |
| 2023 | $313,000 | $248,000 |
| 2024 | $342,000 | $263,000 |
| 2025 | $364,000 | $278,000 |
| 2026 | $379,000 | $290,000 |
| August 2026 | $393,000 | $298,000 |
Next door
Palatine and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Palatine | $393K | +6.4% | — | $104,916 |
| Barrington | $646K | +8.4% | — | $183,663 |
| Wheeling | $319K | +4.5% | — | $106,026 |
| Arlington Heights | $496K | +8.9% | 36 | $116,723 |
| Palatine | — | — | 38 | $97,819 |
| Hoffman Estates | $408K | +6.3% | 42 | $106,806 |
| Schaumburg | $361K | +4.9% | — | $99,298 |
Affordability
3.7 years of income
The typical Palatine home costs about 3.7 years of the town's median household income, about the same as across Illinois (3.6).
How Palatine ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
68.5%
Illinois: 67.1%
Median tax bill
$8,612
Illinois: $5,298
Median rent
$1,618
Illinois: $1,274
Typical home built
1977
Illinois: 1971
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.