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Affordable
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These days, finding an affordable place to live in the Palermo area can be challenging. Home prices in Palermo are now at a median cost of $310,446, lower than the California average of $812,006.
The average cost of rent is $1,150/mo in Palermo, primarily driven by the current value of real estate in the Palermo area. In Palermo, 32.54% of households rent, and 58.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palermo is $4,415 per month. Households that rent pay about 26.04% of their income on rent here. Palermo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Oroville, CA: less expensive homes
- Oroville East, CA: higher priced homes
- Oroville, CA: equally priced homes
- Thermalito, CA: less expensive homes
- Robinsons Corner, CA: equally priced homes
- Bangor, CA: higher priced homes
- Honcut, CA: higher priced homes
- Biggs, CA: higher priced homes
- Rackerby, CA: higher priced homes
- Gridley, CA: higher priced homes
Cities with Similar Populations
- Iola, KS: less expensive homes
- Keswick, VA: higher priced homes
- Kent City, MI: less expensive homes
- Kemah, TX: higher priced homes
- Kellyville, OK: less expensive homes
- Jamestown, RI: higher priced homes
- Jamestown, OH: less expensive homes
- Jackson, AL: less expensive homes
- Islip Terrace, NY: higher priced homes
- Knob Noster, MO: less expensive homes
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