Expensive
Affordable
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These days, finding an affordable place to live in the Mount Palatine area can be challenging. Home prices in Mount Palatine are now at a median cost of $127,035, lower than the Illinois average of $300,242.
The average cost of rent is $907/mo in Mount Palatine, primarily driven by the current value of real estate in the Mount Palatine area. In Mount Palatine, 17.81% of households rent, and 45.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Palatine is $7,340 per month. Households that rent pay about 12.35% of their income on rent here. Mount Palatine’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lostant, IL: equally priced homes
- Vermilionville, IL: higher priced homes
- Magnolia, IL: higher priced homes
- McNabb, IL: higher priced homes
- Tonica, IL: higher priced homes
- Wenona, IL: equally priced homes
- Standard, IL: equally priced homes
- Cedar Point, IL: higher priced homes
- Leonore, IL: higher priced homes
- Varna, IL: higher priced homes
Cities with Similar Populations
- Snufftown, NY: higher priced homes
- Lake Don Pedro, CA: higher priced homes
- Lake Fork, IL: equally priced homes
- Lancaster Hill, TN: higher priced homes
- Slateville, NY: higher priced homes
- Sligo, OH: higher priced homes
- Smartville, NY: equally priced homes
- Smith Point, TX: higher priced homes
- Smithfield, TN: higher priced homes
- Smiths Park, SD: higher priced homes
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