The Most Affordable Neighborhoods in Palm River-Clair Mel, FL by Home Value

These days, finding an affordable place to live in the Palm River-Clair Mel area can be challenging. Home prices in Palm River-Clair Mel are now at a median cost of $271,446, lower than the Florida average of $396,783.

The average cost of rent is $1,688/mo in Palm River-Clair Mel, primarily driven by the current value of real estate in the Palm River-Clair Mel area. In Palm River-Clair Mel, 37.14% of households rent, and 38.47% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Palm River-Clair Mel is $5,995 per month. Households that rent pay about 28.15% of their income on rent here. Palm River-Clair Mel’s most expensive areas are in the southern 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.

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