Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the East Palermo area can be challenging. Home prices in East Palermo are now at a median cost of $105,130, lower than the New York average of $481,023.
The average cost of rent is $1,016/mo in East Palermo, primarily driven by the current value of real estate in the East Palermo area. While nearly 42.71% of residents own their homes outright in East Palermo, 15.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in East Palermo is $5,105 per month. Households that rent pay about 19.91% of their income on rent here. East Palermo's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Frakes, KY: equally priced homes
- Fosters Mills, GA: higher priced homes
- Fort Lynn, AR: less expensive homes
- Forester, MI: higher priced homes
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