Real Estate Investing in Palatine, Illinois (60067)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 60067 (Palatine, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Palatine, IL (60067)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 60067 Palatine
ZIP 60067 inside Cook County looks affordable on the surface — median value of $492K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 60067 is healthy only for operators who understand what they are buying. A $492K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 60067's metrics run below Cook County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 60067 ZIP's population of 38,118 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Palatine:
Property Strategy for 60067
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $206,337 | $1,690 | 5.9% | +5.9% | $206,337 |
| 2BR | $305,385 | $1,900 | 4.5% | +6.0% | $152,692 |
| 3BR | $421,921 | $2,450 | 4.2% | +6.6% | $140,640 |
| 4BR | $625,681 | $2,830 | 3.3% | +6.9% | $156,420 |
| 5BR | $747,629 | — | — | +6.5% | $149,526 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 60067 Compare?
| Metric | 60067 | Palatine | Illinois |
|---|---|---|---|
| Home Value | $492,376 | $406,966 | $279,761 |
| 5-Year CAGR | 6.2% | 6.6% | 6.6% |
| Avg Rent | $1,925 | $1,981 | - |
| Cap Rate | 3.1% | 4.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60067 (Palatine, IL). Anonymous, moderated, never written by AI.
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Property managers serving Cook County
Manage rentals here? List your business →American Property Management of Illinois, Inc. (Associa) provides comprehensive HOA and condominium management services in Chicago and surrounding areas. summary from their website
Blackhawk Realty Management, LLC provides professional property management and real estate services for its multifamily apartment portfolio, founded in 2004. summary from their website
Buckingham Property Management, Inc. offers apartment rentals and management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $492,376 |
| Monthly Rent | $1,925 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60067
Population: 38,118
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60067
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Palatine, IL a friendly market for rental owners?
The landlord environment in Palatine, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in Palatine, IL?
Palatine, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
What is the median home value in Palatine, IL?
Median home price in Palatine, IL is near $492K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is house hacking profitable in Palatine, IL?
House hacking in Palatine, IL is a challenging. With home values around $492K and rents at $1,925/mo, owner-occupants can offset a meaningful share of PITI.
How do experienced investors play Palatine, IL?
In Palatine, IL the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $492K prices and $1,925/mo rents suits that approach.
You know 60067 now. You don’t know where it ranks.
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How 60067 ranks in Chicago-Naperville-Elgin, IL-IN-WI
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