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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 $173,403, lower than the Indiana average of $232,932.
The average cost of rent is $957/mo in Palestine, primarily driven by the current value of real estate in the Palestine area. In Palestine, 11.25% of households rent, and 38.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palestine is $8,913 per month. Households that rent pay about 10.74% of their income on rent here. Palestine’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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