Expensive
Affordable
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These days, finding an affordable place to live in the Palo Cedro area can be challenging. Home prices in Palo Cedro are now at a median cost of $535,621, lower than the California average of $812,006.
The average cost of rent is $1,553/mo in Palo Cedro, primarily driven by the current value of real estate in the Palo Cedro area. In Palo Cedro, 9.40% of households rent, and 31.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palo Cedro is $10,329 per month. Households that rent pay about 15.03% of their income on rent here. Palo Cedro’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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