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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 $210,515, lower than the Maryland average of $450,578.
The average cost of rent is $1,107/mo in Palmetto, primarily driven by the current value of real estate in the Palmetto area. In Palmetto, 20.69% of households rent, and 23.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmetto is $6,254 per month. Households that rent pay about 17.70% of their income on rent here. Palmetto’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Princess Anne, MD: equally priced homes
- Siloam, MD: less expensive homes
- Allen, MD: higher priced homes
- Eden, MD: higher priced homes
- Oakville, MD: higher priced homes
- Westover, MD: less expensive homes
- Mount Vernon, MD: less expensive homes
- Fruitland, MD: higher priced homes
- Whitehaven, MD: higher priced homes
- Monie, MD: equally priced homes
Cities with Similar Populations
- Lava, NY: higher priced homes
- Lake View, AR: less expensive homes
- Lamasco, TX: equally priced homes
- Lamoille, NV: higher priced homes
- Lancaster Crossroads, NC: less expensive homes
- Lancaster, TN: higher priced homes
- Landisburg, WV: less expensive homes
- Laneville, WV: equally priced homes
- Lapoint, UT: higher priced homes
- Lake Margrethe, MI: less expensive homes
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