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IL area data

Palatine, IL

Aggregated across 2 ZIP codes in Palatine.

Population: 74,664 (Census ACS)

The median home value in Palatine, IL is $406,966 — up 5.2% over the past year. Homes sell for a median $280,000 after a median 43 days on market. Typical rent runs $1,981/month. 16 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very High, with coldwave, heatwave, icestorm the top-rated hazards. Cost of living is 2.7% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$406,966

Median home value

+5.2%

1-year change

43

Median days on market

Very High

Hazard risk (county)

Home values & appreciation

Median home value
$406,966
1-year appreciation
+5.2%
3-year appreciation
+17.9%
5-year appreciation
+31.3%
10-year appreciation
+51.6%
All-time peak (2026-07)
$406,966
House Price Index (state)
325.3 (+6.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$280,000
Median list price
$291,000
Median price per sqft
$229
1-year sale-price change
+8.2%
Median days on market
43 days
Homes sold (recent period)
70
For-sale inventory
225
Sale-to-list ratio
100.0%
Active listings
53
1-year forecast
+2.3%
Days to pending
17 days
New listings (monthly)
118

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,981/mo
1-year rent change
+3.2%
Studio fair-market rent
$1,580/mo
1BR fair-market rent
$1,690/mo
2BR fair-market rent
$1,900/mo
3BR fair-market rent
$2,450/mo
4BR fair-market rent
$2,830/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
97.3 (100 = US avg)
Electricity rate (state-level)
17.7¢/kWh
Natural gas rate (state-level)
$11.30/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
16
Elementary schools
10
Middle schools
2
High schools
3
School districts serving the area
NW Suburban Spec Educ Org, Palatine CCSD 15, Township HSD 211
Schools include
Kirk School, Hunting Ridge Elem School, Lincoln Elementary School, Marion Jordan Elem School, Stuart R Paddock School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very High
Top hazards (county)
coldWave, heatWave, iceStorm, inlandFlooding, lightning
Notable hazard ratings (county)
coastalFlooding: Relatively Low · coldWave: Very High · earthquake: Relatively High · hail: Relatively High · heatWave: Very High · iceStorm: Very High
FEMA flood zone (varies by location)
includes X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 28% of US counties
Buildings in wildfire direct-exposure zone
1.0%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Wauconda Sand & Gravel (11.8 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
40.8 in
USDA plant hardiness zone
5b (extreme annual low -15 to -10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
57
Days with Good air quality
104
Days with Moderate air quality
227
Days with Unhealthy air quality
5
Highest AQI recorded (year)
223

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
13.7 / 20
Transit service frequency
804
Jobs reachable by car (30 min)
254,927
Jobs reachable by transit (45 min)
213,333

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
4
Nearest national park
Pullman National Historical Park (37 mi)
National parks include
Pullman National Historical Park, Indiana Dunes National Park
Airports within 30 mi
73
Nearest airport
Chicago Executive Airport (PWK) (7 mi)
Nearest major airport
Chicago Executive Airport (PWK) (7 mi)
Hospitals nearby (~15 mi)
30
Hospitals include
ADVOCATE SHERMAN HOSPITAL, SAINT JOSEPH HOSPITAL-ELGIN, ELGIN MENTAL HEALTH CENTER
Avg hospital rating (CMS)
3.5 / 5
Best hospital rating nearby (CMS)
5.0 / 5
EV charging stations (within 10 mi)
145
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-29,533 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,977
Housing built before 1970
31.9%
Housing built 2000 or later
9.6%
Median annual property tax
$8,461
Mean commute to work
22 min
Households with broadband internet
85.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
2,269,519
Average weekly wage
$1,625
Top industries (by employment)
Health Care, Professional Services, Accommodation & Food
Annual residential building permits (county)
987

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

PalatineState medianUS median
Median home value$406,966$195,432$289,727
Median sale price$280,000$212,000$325,000
Median days on market43 days48 days51 days
Typical rent$1,981/mo$1,800/mo$1,808/mo
Median annual property tax$8,461$2,696$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Palatine, IL?
$406,966.
What is the median sale price in Palatine, IL?
$280,000.
How long do homes take to sell in Palatine, IL?
Median days on market: 43 days.
What is typical rent in Palatine, IL?
Typical rent: $1,981/month.
What is the natural-hazard risk in Palatine, IL?
Overall risk: Very High (FEMA NRI, county-level). Top hazards: coldWave, heatWave, iceStorm, inlandFlooding, lightning.
Is Palatine, IL in a flood zone?
Minimal (FEMA NFIP). Parts of the area include FEMA flood zone X; zones vary by location within the city.
What is the wildfire risk in Palatine, IL?
Risk to homes is higher than 28% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Palatine, IL?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Palatine, IL?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Palatine, IL?
16 schools (10 elementary, 2 middle, 3 high) (NCES, 2022-23).
Is Palatine, IL walkable?
Walkability index: 13.7/20 (EPA Smart Location Database).
What is the air quality in Palatine, IL?
Moderate. Median AQI: 57. (EPA AQI).
What is the cost of living in Palatine, IL?
Regional Price Parity: 97.3 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP codes in Palatine

Selling a home in Palatine, IL?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents