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Affordable
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These days, finding an affordable place to live in the Palenville area can be challenging. Home prices in Palenville are now at a median cost of $264,091, lower than the New York average of $610,895.
The average cost of rent is $952/mo in Palenville, primarily driven by the current value of real estate in the Palenville area. In Palenville, 24.54% of households rent, and 51.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palenville is $6,018 per month. Households that rent pay about 15.82% of their income on rent here. Palenville’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Round Top, NY: equally priced homes
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- Purling, NY: equally priced homes
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- Malden-on-Hudson, NY: higher priced homes
- Saugerties, NY: higher priced homes
Cities with Similar Populations
- Lake Tomahawk, WI: equally priced homes
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- West Coxsackie, NY: higher priced homes
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- Lawrenceville, PA: less expensive homes
- Warsaw, IL: less expensive homes
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