Palestine, IL housing market
The typical Palestine home is worth about $93,000, down 4.9% in a year, 69% below the Illinois typical home.
Home values, sales, trends and how Palestine compares with the towns next door — updated as new data is published.
Palestine at a glance
Typical home value, 2023–2026
Show as a table
| January | Palestine | Illinois |
|---|---|---|
| 2024 | $99,000 | $263,000 |
| 2025 | $103,000 | $278,000 |
| 2026 | $96,000 | $290,000 |
| August 2026 | $93,000 | $298,000 |
1.5 years of income
The typical Palestine home costs about 1.5 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Palestine is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palestine pay a median of $719, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $630 · 4 bedrooms $1,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62451; Crawford County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.