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 $313,100, lower than the New Jersey average of $388,929.
The average cost of rent is $1,197/mo in Palermo, primarily driven by the current value of real estate in the Palermo area. While nearly 28.35% of residents own their homes outright in Palermo, 6.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palermo is $8,418 per month. Households that rent pay about 14.22% of their income on rent here. Palermo's most expensive areas are in the northwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Marmora, NJ: equally priced homes
- Ocean View, NJ: equally priced homes
- Seaville, NJ: higher priced homes
- Strathmere, NJ: higher priced homes
- Woodbine, NJ: less expensive homes
- Corbin City, NJ: less expensive homes
- Steelmantown, NJ: less expensive homes
- Ocean City, NJ: higher priced homes
- Mount Pleasant, NJ: less expensive homes
- Somers Point, NJ: less expensive homes
Cities with Similar Populations
- Republican, NC: less expensive homes
- North Walter, AL: less expensive homes
- Northfield, TX: less expensive homes
- Northway Junction, AK: less expensive homes
- Nortonville, NJ: less expensive homes
- Norvello, VA: less expensive homes
- Notrees, TX: less expensive homes
- Nubia, TN: less expensive homes
- Nutwood, IL: less expensive homes
- Oak Forest, LA: less expensive homes
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