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Affordable
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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 $356,800, lower than the Florida average of $396,783.
The average cost of rent is $1,642/mo in Palm Shores, primarily driven by the current value of real estate in the Palm Shores area. In Palm Shores, 22.22% of households rent, and 44.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palm Shores is $7,092 per month. Households that rent pay about 23.15% of their income on rent here. Palm Shores’s most expensive areas are in the central 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
- 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: higher 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: equally priced homes
- Laurel, NE: less expensive homes
- Ione, WA: less expensive homes
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