Palatine First-Time Homebuyer Report for October

Palatine is a city that is growing slightly faster than others in Illinois at a 10-year growth rate of 2.0%. It also has a larger than average population of 68,557 people. 60067, 60074, and 60095 are its three most populated zip codes. Homes in Palatine are relatively old with a median age of 32 years. Topping the list of best schools in the city is Marion Jordan Elementary School.

Price Range

The median value of homes in Palatine is $197,400, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $310,367.

Make sure you take a look at these eye-catching homes in Palatine that generated the most views from potential buyers:

$128K   $194K   $229K  

Typical Dwelling

The typical dwelling in Palatine is a four-bedroom detached home worth about $441,509. To purchase a similar home, a buyer with good credit and a $88,302 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,250 monthly payment. The property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Palatine homes for sale or reviewing Palatine real estate trends.


Data reported through 10/13/2016

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