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These days, finding an affordable place to live in the Palisade area can be challenging. Home prices in Palisade are now at a median cost of $242,978, lower than the Minnesota average of $345,793.
The average cost of rent is $1,058/mo in Palisade, primarily driven by the current value of real estate in the Palisade area. In Palisade, 8.22% of households rent, and 53.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palisade is $5,145 per month. Households that rent pay about 20.56% of their income on rent here. Palisade’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Waukenabo, MN: less expensive homes
- Hassman, MN: equally priced homes
- Kimberly, MN: equally priced homes
- Minnewawa, MN: higher priced homes
- McGregor, MN: equally priced homes
- Rossburg, MN: higher priced homes
- Sheshebee, MN: higher priced homes
- Little Pine, MN: higher priced homes
- Aitkin, MN: higher priced homes
- Thor, MN: equally priced homes
Cities with Similar Populations
- Stonington, ME: higher priced homes
- Hestertown, NC: less expensive homes
- Homecroft, IN: equally priced homes
- House, MS: less expensive homes
- Institute, WI: higher priced homes
- Ira, VA: less expensive homes
- Smoot, WY: higher priced homes
- Snelling, CA: higher priced homes
- Sparks, TX: higher priced homes
- Spickard, MO: less expensive homes
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