Home Price Key
Affordable
Average
Expensive
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 $136,106, lower than the Michigan average of $196,062.
The average cost of rent is $763/mo in Palms, primarily driven by the current value of real estate in the Palms area. While nearly 52.64% of residents own their homes outright in Palms, 12.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palms is $4,501 per month. Households that rent pay about 16.95% of their income on rent here. Palms's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Richmondville, MI: less expensive homes
- Minden City, MI: equally priced homes
- Deckerville, MI: less expensive homes
- Forestville, MI: higher priced homes
- Forester, MI: higher priced homes
- McGregor, MI: less expensive homes
- Ruth, MI: higher priced 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: higher priced homes
- Skytop, PA: higher priced homes
- Singleton, TX: less expensive homes
- Idledale, CO: higher priced homes
- Ida, AR: equally priced homes
- Hunts Point, WA: higher priced homes
- Huntersville, WV: equally priced homes
- Hume, MO: less expensive homes
- Hulberton, NY: equally priced homes
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