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 $152,086, lower than the Tennessee average of $218,916.
The average cost of rent is $1,024/mo in Palmetto, primarily driven by the current value of real estate in the Palmetto area. While nearly 42.92% of residents own their homes outright in Palmetto, 16.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmetto is $4,585 per month. Households that rent pay about 22.34% of their income on rent here. Palmetto's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Sims Spring, TN: equally priced homes
- Farmington, TN: higher priced homes
- Halls Mill, TN: higher priced homes
- Belfast, TN: equally priced homes
- Verona, TN: higher priced homes
- Richmond, TN: higher priced homes
- Elbethel, TN: higher priced homes
- Lewisburg, TN: equally priced homes
- Vannatta, TN: higher priced homes
- Talley, TN: equally priced homes
Cities with Similar Populations
- Idaho, OH: less expensive homes
- Silverville, PA: higher priced homes
- Silver Lake, TN: equally priced homes
- Silvara, PA: higher priced homes
- Sigurd, UT: higher priced homes
- Sidney, TX: equally priced homes
- Island Ford, VA: higher priced homes
- Iron Junction, MN: equally priced homes
- Irisburg, VA: less expensive homes
- Ione, GA: less expensive homes
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