
Home Price Key
These days, finding an affordable place to live in the Palisades area can be challenging. Home prices in Palisades are now at a median cost of $315,581, higher than the Texas average of $235,268.
The average cost of rent is $964/mo in Palisades, primarily driven by the current value of real estate in the Palisades area. While nearly 50.32% of residents own their homes outright in Palisades, 2.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palisades is $8,643 per month. Households that rent pay about 11.16% of their income on rent here. Palisades's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
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