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Affordable
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These days, finding an affordable place to live in the Palms area can be challenging. Home prices in Palms are now at a median cost of $209,554, lower than the Michigan average of $250,415.
The average cost of rent is $702/mo in Palms, primarily driven by the current value of real estate in the Palms area. In Palms, 11.49% of households rent, and 60.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palms is $4,933 per month. Households that rent pay about 14.23% of their income on rent here. Palms’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
- Richmondville, MI: equally priced homes
- Minden City, MI: less expensive homes
- Deckerville, MI: less expensive homes
- Forestville, MI: equally priced homes
- Forester, MI: less expensive homes
- McGregor, MI: less expensive homes
- Ruth, MI: less expensive homes
- Tyre, MI: less expensive homes
- Freidberger, MI: less expensive homes
- Carsonville, MI: less expensive homes
Cities with Similar Populations
- Hubbard Woods, IL: less expensive homes
- Slab City, WI: equally priced homes
- Skytop, PA: higher priced homes
- Singleton, TX: higher priced homes
- Idledale, CO: higher priced homes
- Ida, AR: less expensive homes
- Hunts Point, WA: higher priced homes
- Huntersville, WV: less expensive homes
- Hume, MO: less expensive homes
- Hulberton, NY: less expensive homes
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