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).
$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)
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
| Palatine | State median | US median | |
|---|---|---|---|
| Median home value | $406,966 | $195,432 | $289,727 |
| Median sale price | $280,000 | $212,000 | $325,000 |
| Median days on market | 43 days | 48 days | 51 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?
REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.
Data last updated
Most recent source refresh: Sep 2026. See all data sources →