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These days, finding an affordable place to live in the Palm Valley area can be challenging. Home prices in Palm Valley are now at a median cost of $261,865, lower than the Texas average of $322,096.
The average cost of rent is $1,328/mo in Palm Valley, primarily driven by the current value of real estate in the Palm Valley area. In Palm Valley, 18.44% of households rent, and 27.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palm Valley is $7,934 per month. Households that rent pay about 16.74% of their income on rent here. Palm Valley’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Primera, TX: less expensive homes
- Harlingen, TX: less expensive homes
- Combes, TX: less expensive homes
- La Feria, TX: less expensive homes
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- Solis, TX: less expensive homes
- Stuart Place, TX: less expensive homes
- Rangerville, TX: less expensive homes
- Bixby, TX: less expensive homes
- Yznaga, TX: less expensive homes
Cities with Similar Populations
- Hill City, MN: less expensive homes
- Fort Thompson, SD: less expensive homes
- Frederic, MI: less expensive homes
- Fredonia, AZ: higher priced homes
- Woodville, ID: higher priced homes
- Woodmont, CT: higher priced homes
- Gibbon, MN: less expensive homes
- Woodburn, KY: equally priced homes
- Glidden, IA: less expensive homes
- White Oak, GA: less expensive homes
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