There are currently 26,494 real estate properties in Palatine, IL, with a median automated valuation model (AVM) price of $307,977.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palatine, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palatine, IL, is $329,288.00, with the most expensive house in Palatine, IL, topping out at $4,950,100.00 and the cheapest home in Palatine, IL, clocking in at $13,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Palatine, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palatine, IL, is on a rollercoaster ride. The average rent price in Palatine, IL, is $1,900.00. Indeed, when looking to rent in Palatine, IL, you can expect to pay as little as $570.00 or as much as $4,470.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Palatine, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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