Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palm Shores area can be challenging. Home prices in Palm Shores are now at a median cost of $248,500, lower than the Florida average of $278,762.
The average cost of rent is $1,299/mo in Palm Shores, primarily driven by the current value of real estate in the Palm Shores area. While nearly 37.26% of residents own their homes outright in Palm Shores, 19.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palm Shores is $6,178 per month. Households that rent pay about 21.03% of their income on rent here. Palm Shores's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Melbourne, FL: equally priced homes
- Satellite Beach, FL: higher priced homes
- Indian Harbour Beach, FL: higher priced homes
- Patrick Afb, FL: equally priced homes
- Melbourne Village, FL: equally priced homes
- Indialantic, FL: higher priced homes
- West Melbourne, FL: equally priced homes
- Melbourne Beach, FL: higher priced homes
- Pine Grove, FL: higher priced homes
- Narcoossee, FL: higher priced homes
Cities with Similar Populations
- Graeagle, CA: higher priced homes
- Spaulding, IL: less expensive homes
- Skagway, AK: higher priced homes
- Sidney Center, NY: less expensive homes
- Shabbona, IL: less expensive homes
- Marlinton, WV: less expensive homes
- Lime Springs, IA: less expensive homes
- Lehigh, ND: higher priced homes
- Laurel, NE: less expensive homes
- Ione, WA: less expensive homes
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