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Palatine Community Consolidated School District 15

Learn about the people, housing, costs and businesses in Palatine Community Consolidated School District 15, Illinois

Median Home$353,177
Median Rent$1,765/month
Population118,121
Leading IndustriesTransportation · Healthcare · Arts, Food & Hospitality3% transportation
Home Value Growth⬆⬆+18.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners69% of occupied units
NotableHighly Educated26% bachelor's · 12% graduate · top 14% nationally
NotableHigh Incomes$108k/year · top 28% nationally
Palatine Community Consolidated School District 15
IL

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Frequently Asked Questions

What are today's mortgage rates in Palatine Community Consolidated School District 15?

As of today, the 30-year fixed mortgage rate for Palatine Community Consolidated School District 15 is approximately 6.913% (6.920% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Palatine Community Consolidated School District 15?

The median home value in Palatine Community Consolidated School District 15 is $353k. The median monthly rent is $1,765. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palatine Community Consolidated School District 15?

Home values in Palatine Community Consolidated School District 15 have increased 18.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Palatine Community Consolidated School District 15?

Based on a typical all-in ownership cost of $1,788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palatine Community Consolidated School District 15 is $108k/year.

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What industries drive the economy in Palatine Community Consolidated School District 15?

The largest employment sectors in Palatine Community Consolidated School District 15 are public administration (21%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.