Home Price Key
Affordable
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 $121,532, lower than the Texas average of $235,268.
The average cost of rent is $843/mo in Palestine, primarily driven by the current value of real estate in the Palestine area. While nearly 58.91% of residents own their homes outright in Palestine, 34.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palestine is $3,892 per month. Households that rent pay about 21.65% 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.
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