Is Palatine, IL a good place to invest in rental property?

Palatine, IL has a median modeled monthly cash flow of $-1,011 and a median cap rate of 3.2%, on a median sold price of $367,450. Prices changed +4.5% year over year.

What is the average cap rate in Palatine, IL?

The median cap rate across recently sold homes in Palatine, IL is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palatine, IL?

The median sold price in Palatine, IL is $367,450 (about $231 per square foot).

Investing in Palatine, IL Real Estate

A data-driven snapshot of the Palatine, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$367,450Median sold price

$231Median $/sqft

3.2%Median cap rate

$-1,011Modeled cash flow / mo

+4.5%Appreciation YoY

4.3Months of supply

309Active listings

854Sold (last 12 mo)

What the Palatine numbers say

In Palatine, IL, the median home sold for $367,450 (about $231 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,011 of monthly cash flow. Sold prices moved +4.5% over the past year. Inventory sits at about 4.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Palatine cash-flowing listings

CashFlowRE ranks every for-sale home in Palatine, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Palatine deals, or browse the national market data.