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According to statistics, the population in Palatine, IL amounts to 69,099, which shows n/a% compared to the previous year. The median age of the city’s residents is 38. The average household income is $76,633, shifting growth 2% from the past year, and the average property value in Palatine, IL growth 2% to $270,000 throughout the year.
|Number Of Employees||37,859|
|Median Property Value||$270,000|
The average household income in Palatine, IL grew from $75,066 to $76,633 in the past year. This data is an estimate based upon 26,750 households in Palatine, IL . The chart below presents how household income is distributed in Palatine, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Palatine, IL shifted from $265,800 to $270,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Palatine, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Palatine, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Palatine, IL compared to median property taxes around the country. The prevalent amount of property taxes in Palatine, IL equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|1 bed apartments||$99,900||-41.2%|
|2 bed apartments||$214,677||+19.4%|
|3 bed apartments||$312,214||+3.9%|
|4+ bed apartments||$437,345||-3.1%|
During Aug 2021, the average price for an apartment in/near Palatine, IL increased by 17.6% to $322,673.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $99,900 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $214,677. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $312,214. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $437,345 for a big-family home.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$242,355||+11%|
|Lofts for sale||$259,900||-6.8%|
|Houses for sale||$431,937||+12.9%|
|Condos for sale||$162,214||+5%|
|Duplexes for sale||$329,900||N/A|
According to statistics, average house is still $431,937 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $162,214. An average value of duplex is $329,900, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $259,900. Value of the townhouses didn’t change, the price still starts at $242,355.
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