dynamic.RE

State

City

Compare with

City

State

City

ZIP codes

Palatine, IL · 60038

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $83K, +2.1% YoY (county); renters hold 42.3% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

2,100,230

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 2,276,493

2.3Munits

Occupied2,100,23092.3%

Vacant176,2637.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 2,100,230

2.1Moccupied

Owner1,212,57057.7%

Renter887,66042.3%

Renter Share

42.3%-0.5% YoY

Total Housing Units

2,276,493+0.3% YoY

FY2026 Fair Market Rent

CountyCook County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,480

/month

1 BR

$1,581

/month

2 BR

$1,781

/month

3 BR

$2,294

/month

4 BR

$2,653

/month

FMR trends · Cook County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.

Median Age

38.02024

Population

Cook County Population

5,182,617+0.8% YoY

Households

Total Households

2,100,230+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.43-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 5,182,090

5.2Mresidents

Under 181,092,20221.1%

Adults 18–643,262,73263.0%

65 & Over827,15616.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,092,202-1.7% YoY

Population 65 & Over

827,156+2.6% YoY

Median Age

38.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.4%

Moved (within US)10.8%

Other0.8%

Veterans

3.2%-3.0% YoY

County Economy

County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.

Income

Median Household Income

$83K+2.1% YoY

Per-Capita Income

$49K+3.2% YoY

Mean Household Income

$121K+2.6% YoY

Poverty

Below Poverty Level

13.5%+1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone54.8%

Public transit11.8%

Worked from home18.9%

Other14.5%

Worked From Home

18.9%+14.5% YoY

Mean Commute

31.50-1.3% YoY

Done with 60038? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Palatine, IL · 60038

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $83K, +2.1% YoY (county); renters hold 42.3% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

2,100,230

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 2,276,493

2.3Munits

Occupied2,100,23092.3%

Vacant176,2637.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 2,100,230

2.1Moccupied

Owner1,212,57057.7%

Renter887,66042.3%

Renter Share

42.3%-0.5% YoY

Total Housing Units

2,276,493+0.3% YoY

FY2026 Fair Market Rent

CountyCook County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,480

/month

1 BR

$1,581

/month

2 BR

$1,781

/month

3 BR

$2,294

/month

4 BR

$2,653

/month

FMR trends · Cook County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.1% to 5,182,090: residents under 18 are down 1.7% and those 65 and over are up 2.6%.

Median Age

38.02024

Population

Cook County Population

5,182,617+0.8% YoY

Households

Total Households

2,100,230+0.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.43-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 5,182,090

5.2Mresidents

Under 181,092,20221.1%

Adults 18–643,262,73263.0%

65 & Over827,15616.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,092,202-1.7% YoY

Population 65 & Over

827,156+2.6% YoY

Median Age

38.00+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house88.4%

Moved (within US)10.8%

Other0.8%

Veterans

3.2%-3.0% YoY

County Economy

County median household income is $83K, 13.5% of residents are below the poverty level, 18.9% work from home.

Income

Median Household Income

$83K+2.1% YoY

Per-Capita Income

$49K+3.2% YoY

Mean Household Income

$121K+2.6% YoY

Poverty

Below Poverty Level

13.5%+1.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone54.8%

Public transit11.8%

Worked from home18.9%

Other14.5%

Worked From Home

18.9%+14.5% YoY

Mean Commute

31.50-1.3% YoY

Done with 60038? Put it next to another market.