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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 $96,811, lower than the Arkansas average of $207,061.
The average cost of rent is $770/mo in Palestine, primarily driven by the current value of real estate in the Palestine area. In Palestine, 25.67% of households rent, and 53.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palestine is $4,211 per month. Households that rent pay about 18.29% of their income on rent here. Palestine’s most expensive areas are in the western regions, while the cheapest areas are in the central 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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