Home Price Key
Affordable
Average
Expensive
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 $164,100, lower than the North Dakota average of $223,566.
The average cost of rent is $825/mo in Palermo, primarily driven by the current value of real estate in the Palermo area. While nearly 68.07% of residents own their homes outright in Palermo, 13.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palermo is $7,800 per month. Households that rent pay about 10.58% of their income on rent here. Palermo's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Stanley, ND: higher priced homes
- Blaisdell, ND: equally priced homes
- Ross, ND: higher priced homes
- Lostwood, ND: equally priced homes
- Tagus, ND: higher priced homes
- Donnybrook, ND: higher priced homes
- Plaza, ND: equally priced homes
- Kenaston, ND: less expensive homes
- Lunds Valley, ND: higher priced homes
- Berthold, ND: higher priced homes
Cities with Similar Populations
- Mason Grove, TN: less expensive homes
- Longwoods, MD: higher priced homes
- Lorenzo, ID: higher priced homes
- Louisburg, MN: equally priced homes
- Lucerne, WY: higher priced homes
- Ludington, LA: less expensive homes
- Lula, OK: equally priced homes
- Lund, NV: higher priced homes
- Lynxville, WI: higher priced homes
- Madison Center, NY: less expensive homes
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