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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 $769,238, higher than the Oregon average of $502,078.
The average cost of rent is $2,283/mo in Palestine, primarily driven by the current value of real estate in the Palestine area. In Palestine, 6.20% of households rent, and 35.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palestine is $13,858 per month. Households that rent pay about 16.48% of their income on rent here. Palestine’s most expensive areas are in the northeastern 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.
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