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These days, finding an affordable place to live in the Palestine area can be challenging. Home prices in Palestine are now at a median cost of $69,524, lower than the Arkansas average of $160,541.
The average cost of rent is $640/mo in Palestine, primarily driven by the current value of real estate in the Palestine area. While nearly 74.48% of residents own their homes outright in Palestine, 26.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palestine is $3,319 per month. Households that rent pay about 19.28% of their income on rent here. Palestine's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
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