The Most Affordable Neighborhoods in Mount Palatine, IL by Home Value

 

Mount Palatine, IL Map of Most Affordable Neighborhoods
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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 $107,541, lower than the Illinois average of $242,002.

The average cost of rent is $778/mo in Mount Palatine, primarily driven by the current value of real estate in the Mount Palatine area. While nearly 47.32% of residents own their homes outright in Mount Palatine, 20.03% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mount Palatine is $6,496 per month. Households that rent pay about 11.97% of their income on rent here. Mount Palatine's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.


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