What is the median home value in Palatine Township, IL?

Name: Home values in Palatine Township, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Palatine Township, IL is $377,300 (±$7,938), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Palatine Township, the median home value went from $302,600 in 2015–2019 to $377,300 in 2020–2024 (+24.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $377,300 (±$7,938)
Owner-occupied homes: 30,655 (±955)
Most common range: $300,000 to $499,999

Home values in Palatine Township

Owner-occupied homes by value, 2020–2024
Value	Palatine Township	Cook County	Illinois	United States
Less than $50,000	1.9% (±0.6 points)	3.6%	5.4%	5.3%
$50,000 to $99,999	1.0% (±0.3 points)	3.1%	8.3%	6.1%
$100,000 to $149,999	4.5% (±0.9 points)	5.8%	9.7%	6.8%
$150,000 to $199,999	6.9% (±1.3 points)	9.3%	11.8%	9.0%
$200,000 to $299,999	16.6% (±1.6 points)	23.2%	22.3%	17.8%
$300,000 to $499,999	44.9% (±1.9 points)	33.3%	27.7%	26.9%
$500,000 to $999,999	22.6% (±1.8 points)	16.9%	12.1%	20.9%
$1,000,000 or more	1.6% (±0.4 points)	4.9%	2.7%	7.1%

The most common range is $300,000 to $499,999, 44.9% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Palatine Township against Cook County, its state and the nation

Estimate (90% margin of error)
	Palatine Township	Cook County	Illinois	United States
Median home value	$377,300 (±$7,938)	$324,500 (±$1,460)	$263,300 (±$797)	$332,700
Owner-occupied homes	30,655 (±955)	1,212,570 (±7,287)	3,378,910 (±14,728)	84,210,142

In Palatine Township, the median home value is higher than in Cook County ($324,500).

It is also higher than in Illinois ($263,300).

It is higher than the national figure ($332,700).

In Cook County, Palatine Township ranks 38 of 148 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 145 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Palatine Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$302,600 (±$5,893)	$377,300 (±$7,938)	+24.7%	No measurable change after inflation
Median owner cost with a mortgage	$2,176 (±$43)	$2,449 (±$67)	+12.5%	Down after inflation
Median real estate taxes	$7,314 (±$105)	$8,612 (±$258)	+17.7%	Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Palatine Township

Nearest places with a published estimate, compared with Palatine Township
Place	Distance	Median home value	Compared with this place
Palatine Township	—	$377,300 (±$7,938)	—
Palatine	1.1 mi	$355,600 (±$10,491)	Lower
Inverness	1.9 mi	$715,600 (±$54,848)	Higher
Rolling Meadows	3.2 mi	$326,200 (±$14,316)	Lower
Deer Park	4.0 mi	$661,300 (±$33,214)	Higher
Barrington	4.3 mi	$582,500 (±$31,693)	Higher
Arlington Heights	4.3 mi	$414,500 (±$9,763)	Higher
Kildeer	4.9 mi	$770,700 (±$55,500)	Higher
South Barrington	5.0 mi	$908,300 (±$62,595)	Higher

Nearby places with a measurably lower figure: Palatine, IL ($355,600), Rolling Meadows, IL ($326,200).

Nearby places with a measurably higher figure: Inverness, IL ($715,600), Deer Park, IL ($661,300), Barrington, IL ($582,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Cook County, place by place

Rank	Place	Median home value
32	Mount Prospect	$397,400 (±$11,745)
33	Niles Township	$392,000 (±$7,247)
34	Morton Grove	$389,100 (±$11,429)
35	Skokie	$387,200 (±$10,856)
36	Norwood Park Township	$381,300 (±$12,669)
37	Willow Springs	$378,300 (±$18,399)
38	Palatine Township	$377,300 (±$7,938)
39	Norridge	$374,900 (±$12,878)
40	Maine Township (Cook County)	$374,800 (±$5,651)
41	Wheeling Township	$372,600 (±$6,898)
42	Orland Park	$367,200 (±$7,603)
43	Palos Heights	$367,100 (±$14,785)
44	Lyons Township	$363,900 (±$11,013)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Palatine Township

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Palatine Township beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Palatine Township, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Palatine Township, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Palatine Township

What is the average home value in Palatine Township, IL?

The Census Bureau publishes the median: $377,300 (±$7,938) for owner-occupied homes in Palatine Township (2020–2024 American Community Survey).

Have home values in Palatine Township gone up?

In Palatine Township, the median home value went from $302,600 in 2015–2019 to $377,300 in 2020–2024 (+24.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Palatine Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palatine township, Cook County, Illinois (county subdivision:57238, in state:17 county:031).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.