Affordable & Income-Based Housing in Palatine

Affordability in Palatine, IL

According to Census ACS 5-Year data (as of 2024), the median gross rent in Palatine is $1,549 per month and the median household income is $97,819 per year. About 33% of Palatine residents rent their homes, and income-restricted housing can offer meaningful savings relative to market-rate rents in the area.

Safety

According to FBI Crime Data Explorer, the Palatine Police Department reported a violent crime rate of 73 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and definitions.

Of the 7 HUD-assisted properties in Palatine mapped for flood risk, none are located in a high-risk flood zone.

Getting Around Palatine

According to Walk Score, the area around assisted properties in Palatine earns a Walk Score of 72 (Very Walkable) and a Bike Score of 75, indicating most errands can be done on foot and biking is a practical option for many trips.

Schools

According to NCES Common Core of Data, 16 public schools across 3 districts serve Palatine, including 10 elementary, 2 middle, 3 high schools, and 1 other. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Living in Palatine, IL

The median household income in Palatine is $97,819 per year, according to Census ACS 5-Year estimates. The median market rent is $1,549 per month, which reflects the broader cost of renting in this suburb without assistance.

Affordable and income-based housing in Palatine can make a meaningful difference for renters whose earnings fall below area income limits. Palatine has 7 HUD-assisted or income-restricted properties with a combined 549 units available in the city.

• Median household income: $97,819/year (Census ACS 5-Year)
• Median market rent: $1,549/month (Census ACS 5-Year)
• Share of renter households: 33% (Census ACS 5-Year)
• Income-restricted units in city: 549 across 7 properties

Environment & Flood Risk

All 7 HUD-assisted properties in Palatine have been mapped for flood zone exposure. None of them fall in a high-risk flood zone, which is a reassuring finding for renters concerned about flood-related disruptions or insurance requirements.