Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palmetto Beach area can be challenging. Home prices in Palmetto Beach are now at a median cost of $418,800, higher than the Alabama average of $185,232.
The average cost of rent is $1,050/mo in Palmetto Beach, primarily driven by the current value of real estate in the Palmetto Beach area. While nearly 53.75% of residents own their homes outright in Palmetto Beach, 2.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmetto Beach is $7,006 per month. Households that rent pay about 14.99% of their income on rent here. Palmetto Beach's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Dauphin Island, AL: less expensive homes
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- Orange Beach, AL: higher priced homes
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Cities with Similar Populations
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- Odanah, WI: less expensive homes
- Orviston, PA: less expensive homes
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