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Palestine, IL Home Values and Rents
The typical home value in Palestine is $110,699, 651st highest of 696 cities and towns in Illinois. Median rent is $719 a month.
- Typical home value
- $110,699
- 651st of 696 in IL
- Median rent
- $719/mo
- ACS 2020-2024
- Price change, 1 year
- -4.5%
- Sep 2026
- Homeownership
- 83.2%
- IL: 67.1%
Typical home value in Palestine
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Palestine |
|---|---|
| Sep 2026 | $110,699 |
| Dec 2025 | $114,099 |
| Dec 2024 | $120,885 |
| Dec 2023 | $119,067 |
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Crawford County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $648 | +2.5% |
| 1 bedroom | $753 | -1.4% |
| 2 bedrooms | $930 | +1.5% |
| 3 bedrooms | $1,288 | +3.8% |
| 4 bedrooms | $1,554 | +1.1% |
Frequently asked questions
- What is the typical home value in Palestine, IL?
- The typical home value in Palestine is $110,699 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Palestine?
- The median rent in Palestine is $719 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $930.
- Are home prices going up in Palestine?
- The typical home value in Palestine changed -4.5% over one year and - over five years, as of Sep 2026.
- How does Palestine compare with the rest of Illinois?
- Palestine has the 651st highest median home value of 696 cities and towns with 1,000+ residents in Illinois.