Home prices
The median home in Palatine costs $284,400. This is about $168,480 (37%) lower in comparison to its surrounding areas.It is roughly $66,900 (30%) higher compared to the United States as a whole, and it is approximately $26,400 (10%) higher compared to the city of Chicago.
Rents
The median rent in Palatine is $1,200 a month. It is approximately $557 (31%) lower in comparison to its nearby areas.In comparison to the US as a whole it is roughly $138 (12%) higher, and compared to the city of Chicago it is roughly $88 (7%) higher.
Nearby places
Inverness
Inverness is Palatine's neighbor to the west. The real estate prices there are a lot more expensive. The median home cost in Inverness is $628,700, which comes out to $344,300 (54%) higher than Palatine. Rent there is a lot more expensive. In Inverness the median rent is $3,250 a month, which comes out to $2,050 (63%) higher than Palatine.
Rolling Meadows
Rolling Meadows is Palatine's neighbor to the south. The real estate prices there are a little less expensive. The median home value in Rolling Meadows is $241,200, which comes out to $43,200 (17%) lower than Palatine. Its rents are somewhat more expensive. The median rent in Rolling Meadows is $1,378 per month, which works out to $178 (12%) higher than Palatine.
Arlington Heights
Arlington Heights is Palatine's neighbor to the southeast. The real estate prices there are a bit more expensive. The median home in Arlington Heights costs $358,300, which comes out to $73,900 (20%) higher than Palatine. Its rents are a little more expensive. Arlington Heights's median monthly rent is $1,368, which is $168 (12%) higher than Palatine.
Deer Park
Deer Park is Palatine's neighbor to the northwest. Real estate prices there are a lot more expensive. The median home in Deer Park is valued at $552,800, which comes out to $268,400 (48%) higher than Palatine. Rent there is a little more expensive. Deer Park's median rent is $1,302 a month, which comes out to $102 (7%) higher than Palatine.
Barrington
Barrington is about 4 miles northwest from Palatine. Its housing prices are a lot more expensive. The price of the median home in Barrington is $483,400, which is $199,000 (41%) higher than Palatine. Rents there are somewhat more expensive. In Barrington the median rent is $1,485 a month, which works out to $285 (19%) higher than Palatine.
