Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palmetto area can be challenging. Home prices in Palmetto are now at a median cost of $227,770, lower than the Florida average of $278,762.
The average cost of rent is $1,361/mo in Palmetto, primarily driven by the current value of real estate in the Palmetto area. While nearly 46.42% of residents own their homes outright in Palmetto, 22.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmetto is $5,371 per month. Households that rent pay about 25.34% of their income on rent here. Palmetto's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Memphis, FL: less expensive homes
- Ellenton, FL: equally priced homes
- Terra Ceia, FL: higher priced homes
- Gillett, FL: higher priced homes
- West Bradenton, FL: higher priced homes
- Bradenton, FL: higher priced homes
- Parrish, FL: higher priced homes
- South Bradenton, FL: less expensive homes
- Piney Point, FL: less expensive homes
- Bayshore Gardens, FL: less expensive homes
Cities with Similar Populations
- Mission Bend, TX: less expensive homes
- Pekin, IL: less expensive homes
- Parkland, FL: higher priced homes
- Oxford, MS: higher priced homes
- North Ridgeville, OH: less expensive homes
- Niles, MI: less expensive homes
- Newhall, CA: higher priced homes
- New Lenox, IL: higher priced homes
- Natick, MA: higher priced homes
- Mount Airy, NC: less expensive homes
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