What is the rental vacancy rate in Palatine Township, IL?
The rental vacancy rate in Palatine Township, IL is 3.2% (±1.3 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.7% (±0.8 points).
2,179 (±428) homes, 4.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Palatine Township, the rental vacancy rate went from 5.7% in 2015–2019 to 3.2% in 2020–2024 (−2.5 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 3.2% (±1.3 points)
- Homeowner vacancy rate
- 1.7% (±0.8 points)
- Vacant homes
- 2,179 (±428)
Vacancy in Palatine Township against Cook County, its state and the nation
| Palatine Township | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 3.2% (±1.3 points) | 4.5% (±0.2 points) | 5.0% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.7% (±0.8 points) | 1.1% (±0.1 points) | 1.0% (±0.1 points) | 0.9% |
| Vacant housing units | 2,179 (±428) | 176,263 (±3,778) | 421,003 (±7,877) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Palatine Township, the rental vacancy rate is not measurably different from Cook County (4.5%).
It is also lower than in Illinois (5.0%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Palatine Township
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Palatine Township | — | 3.2% (±1.3 points) | — |
| Palatine | 1.1 mi | 3.4% (±1.8 points) | Not measurably different |
| Inverness | 1.9 mi | 0.0% (±46.5 points) | Not measurably different |
| Rolling Meadows | 3.2 mi | 3.8% (±5.0 points) | Not measurably different |
| Deer Park | 4.0 mi | 8.6% (±7.0 points) | Not measurably different |
| Barrington | 4.3 mi | 2.6% (±4.1 points) | Not measurably different |
| Arlington Heights | 4.3 mi | 6.7% (±2.9 points) | Higher |
| Kildeer | 4.9 mi | 0.0% (±71.2 points) | Not measurably different |
| South Barrington | 5.0 mi | 0.0% (±58.2 points) | Not measurably different |
Nearby places with a measurably higher figure: Arlington Heights, IL (6.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Cook County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 71 (tie) | Norwood Park Township | 3.4% (±3.5 points) |
| 74 (tie) | Chicago Ridge | 3.3% (±3.8 points) |
| 74 (tie) | Oak Forest | 3.3% (±3.5 points) |
| 74 (tie) | Skokie | 3.3% (±2.4 points) |
| 77 (tie) | Midlothian | 3.2% (±5.1 points) |
| 77 (tie) | Niles | 3.2% (±2.9 points) |
| 77 (tie) | Palatine Township | 3.2% (±1.3 points) |
| 77 (tie) | Worth Township (Cook County) | 3.2% (±1.5 points) |
| 81 | Worth | 3.0% (±3.4 points) |
| 82 (tie) | Schaumburg | 2.9% (±1.5 points) |
| 82 (tie) | Summit | 2.9% (±3.3 points) |
| 84 (tie) | McCook | 2.8% (±7.7 points) |
| 84 (tie) | Markham | 2.8% (±4.2 points) |
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.
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Questions about Palatine Township
Is it hard to find a rental in Palatine Township?
The rental vacancy rate in Palatine Township, IL is 3.2% (±1.3 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Palatine Township tighter than it was?
In Palatine Township, the rental vacancy rate went from 5.7% in 2015–2019 to 3.2% in 2020–2024 (−2.5 percentage points), a measurable decrease.
How many homes are vacant in Palatine Township?
An estimated 2,179 (±428) housing units, 4.6% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palatine township, Cook County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Palatine township, Cook County, Illinois
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 DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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.
Figures last updated on .
Related
- Housing in Palatine Township at a glance
- Median rent in Palatine Township
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- Renters and owners in Palatine Township
- Income and affordability in Palatine Township
- Home values in Palatine Township
- Homeowner costs in Palatine Township
- Property taxes in Palatine Township
- Types of homes in Palatine Township
- Bedrooms in Palatine Township
- Age of homes in Palatine Township
- Heating fuel in Palatine Township
- Commute and cars in Palatine Township
- Population growth in Palatine Township
- How long people stay in Palatine Township
- Crowding and facilities in Palatine Township
- Fair Market Rent in Palatine Township
- Illinois landlord and tenant rules
- Housing across Cook County
- Illinois places ranked by rental vacancy rate
- Housing data for every place in Illinois