The median home in Palatine, Illinois is valued at $362,205, up 4.1% year over year. Typical monthly rent is $1,990, producing a price-to-rent ratio of 15.2x — near the national average of 18x. Palatine is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$362,205

+4.1%

Rent$1,990/mo

AFFORDABILITY

Enter your income for Palatine.

Income (annual)

Down Payment

$72,441 on $362,205

Out of reach — 42.5% of income

Need $113,786/yr to afford.

PITI$2,655

P/I42.5%

Afford$239K

Gap-$123K

P&I $1,832Tax $673Ins $150

Renting $665/mo cheaper ($1,990 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Palatine with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

PALATINE, IL