Interested in purchasing investment houses in the 60074 zip code in Palatine, IL?
The zip code 60074 is in both Cook and Lake counties with a latitude of -88.026570000000 and longitude of 42.131480000000, is in the state of Illinois. The average asking price of houses and condos is $227,209.00 and the average sale price was $160,806.00. this regions is classified as the Chicago metro area and consists of the following area codes: 224 and 847. The location in degrees is 42° 7' 53.328" N, 88° 1' 35.652" W. The county F.I.P.S. is 17031. This zip code contains five cities including Palatine, IL (78.03%), Deer Park, IL (1.14%), Arlington Heights, IL (0.46%), Kildeer, IL (0.24%), and Rolling Meadows, IL (0.07%) The total land area is 7.1 square miles and the water area is 0.1 square miles. The elevation in this area is 722 - 833 feet. The zip code is on central standard time and observes daylight savings time.
The zip 60074 is in county number 097 and is L. Sector 20, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 39,644 in 2019 and 38,985 in 2010. This further breaks down to 20,471 males (51.6%) and 19,172 females (48.4%). The median age of residents is 35.1 years. The population of the greater Chicago-Naperville-Joliet, IL-IN-WI area is 9,739,919. The population density (people per square mile) is 5,554. This zip code has a combined total of 15,586 houses and condos. There are 5,748 rented appartments. 39% of residents rent versus the 39% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $55,139 and the average salary is $51,071. The median household income of individuals is $72,946.00 and the average is $64,820.00. This zip code has a mean commute time to work of 29.7 minutes. The unemployment rate is 2.9%. Income earners by percent breakdown as 29.10% (Under $50,000), 39.30% ($50,000-$100,000), and 31.60% earn over $100,000. 11.4% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 102.5. The educational breakdown is 85.6% have a high school education or higher, 41.1% have a bachelor's degree or higher, and 13.3% have some kind of profesional degree.
This area has 14,488 households and the average size is 2.7 people. Individuals who are single and have never been married are 33.4%, 52.3% are now married, 1.5% are separated, 3.6% are widowed, and 9.2% are divorced. The average yearly contribution amount given by people to charity was $2,726 versus the state average of $4,525. The percent of residents who gave to charity was 31.2%.
The estimated median value of houses and condos is $266,927. The median monthly owner costs of mortgage holders was $1,791, where as the costs for those who don't have a mortgage are $771. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 3.9.
The real estate tax percent rate is 2.2% which equated to an average real estate tax amount payment of $5,870. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 2.2% which amounted to an average tax amount of $5,856. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.2% which amounted to an average tax amount of $5,926. Reported taxable interest for persons was $1,229, dividends $3,420, capital gains +$3,078, and itemized deductions $21,663. The average earned income tax credit is $2,165. The percent of individuals that use a tax preparer is 58.5%. The total average income taxes paid by individuals was $10,109. Businesses reported an average profit of $10,289.
Poke Bros
789 E Dundee Rd, Palatine, IL 60074
Agio Italian Bistro
64 S Northwest Hwy, Palatine, IL 60074
Vince's Italian Restaurant
2365 N Hicks Rd, Palatine, IL 60074
Sushi PARA
1268 E Dundee Rd, Palatine, IL 60074
Chicago Culinary Kitchen
2391 N Hicks Rd, Palatine, IL 60074
La Presa
319 S Rohlwing Rd, Palatine, IL 60074
Hong Kong Lite
529 E Dundee Rd, Palatine, IL 60074
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