Housing in Palestine, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$93,845
Palestine vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Palestine is highlighted.
Median Home Value
9th%ilemost expensive$75,800show rank
Median Rent
24th%ilemost expensive rent$755show rank
Rent Burden
25th%ilehighest rent burden15.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$75,800
Median Rent
$755
Total Housing Units
666
Vacancy Rate
10.5%
Owner Occupied
80.7%
Renter Occupied
19.3%
Median Property Tax
$1,398
per year
Monthly Cost (w/ Mortgage)
$650
Housing Types
Single Family85.9%
Multi-Family7.1%
Mobile Home7.1%
The median home value in Palestine, IL is $75,800. According to Zillow, the home value index for Palestine is $93,845. The median rent is $755 per month (Census ACS). About 80.7% of housing units are owner-occupied. The median year homes were built is 1954. There are 666 total housing units.