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Affordable
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These days, finding an affordable place to live in the Palisades Park area can be challenging. Home prices in Palisades Park are now at a median cost of $186,884, lower than the Michigan average of $250,415.
The average cost of rent is $1,031/mo in Palisades Park, primarily driven by the current value of real estate in the Palisades Park area. In Palisades Park, 31.70% of households rent, and 49.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palisades Park is $3,918 per month. Households that rent pay about 26.32% of their income on rent here. Palisades Park’s most expensive areas are in the northern 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.
Nearby Cities
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- Paw Paw Lake, MI: equally priced homes
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- McDonald, MI: less expensive homes
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Cities with Similar Populations
- Wye, AR: higher priced homes
- Kemblesville, PA: higher priced homes
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- Kimberly, WV: less expensive homes
- Wyoma, WV: less expensive homes
- Wyeville, WI: equally priced homes
- Klotzville, LA: less expensive homes
- Kelly, TX: higher priced homes
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