Home Price Key
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Average
Expensive
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 $122,384, lower than the Tennessee average of $218,916.
The average cost of rent is $714/mo in Palestine, primarily driven by the current value of real estate in the Palestine area. While nearly 70.06% of residents own their homes outright in Palestine, 21.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palestine is $3,921 per month. Households that rent pay about 18.21% of their income on rent here. Palestine's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
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