Why Live in Downtown Palatine
Downtown Palatine offers a pedestrian-friendly environment with a mix of housing styles, from mid-century split-levels to contemporary condos and modern townhouses. The neighborhood is lined with trees and features quiet cul-de-sacs, making it a pleasant area for walking and biking. The renovated Palatine Station connects residents to the wider Chicago region via the Metra transit system. Local highlights include Durty Nellie’s gastropub, Schnell’s Brauhaus, Emmett’s Brewing Company, and Spunky Dunkers Donuts. For groceries, Jewel-Osco is centrally located, with Walmart and Home Depot nearby. The Palatine Park District provides numerous recreational opportunities, including Riemer Reservoir Park with its walking trail, disc golf course, and sledding in winter, as well as Community Park, which features baseball fields, a basketball court, and the Family Aquatic Center. Schools in the area are highly rated, with options like Winston Campus Elementary, Walter R. Sundling Junior High, Palatine High School, Stuart R. Paddock Elementary, Plum Grove Middle School, and William Fremd High School. The neighborhood is safer than the national average, and NorthWest Community Hospital is just 5 miles away. Downtown Palatine hosts various community events, including Hometown Fest, Street Fest, Oktoberfest, and the annual Holiday Tree Lighting ceremony. The Palatine Farmers Market operates year-round, offering local meats, produce, arts, crafts, and prepared foods.
Frequently Asked Questions
Is Downtown Palatine a good place to live?
Downtown Palatine is a good place to live. Downtown Palatine is considered fairly walkable and bikeable. Downtown Palatine is a suburban neighborhood. Downtown Palatine has 8 parks for recreational activities. It is somewhat dense in population with 7.1 people per acre and a median age of 44. The average household income is $122,078 which is above the national average. College graduates make up 49.6% of residents. A majority of residents in Downtown Palatine are home owners, with 28.8% of residents renting and 71.2% of residents owning their home. A
local real estate agent serving Downtown Palatine can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Palatine neighborhood guide.
How much do you need to make to afford a house in Downtown Palatine?
The median home price in Downtown Palatine is $375,000. If you put a 20% down payment of $75,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,910 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Downtown Palatine. The average household income in Downtown Palatine is $122K.
What are the best public schools in Downtown Palatine?
The best public schools that serve Downtown Palatine are:
What are the best private schools in Downtown Palatine?
The best private schools that serve Downtown Palatine are:
What are the most popular zip codes in Downtown Palatine, Palatine, IL?
What are the most popular neighborhoods near Downtown Palatine, Palatine, IL?
Home Trends in Downtown Palatine, IL
On average, homes in Downtown Palatine, Palatine sell after 19 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Palatine, Palatine over the last 12 months is $374,950, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$374,950
Median Single Family Sale Price
$404,000
Median Townhouse Sale Price
$405,000
Median 2 Bedroom Sale Price
$330,000
Median 1 Bedroom Sale Price
$249,900
Average Price Per Sq Ft
$252
Number of Homes for Sale
15
Last 12 months Home Sales
180
Median List Price
$375,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%