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Affordable
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These days, finding an affordable place to live in the Palo area can be challenging. Home prices in Palo are now at a median cost of $302,343, higher than the Iowa average of $226,062.
The average cost of rent is $768/mo in Palo, primarily driven by the current value of real estate in the Palo area. In Palo, 7.15% of households rent, and 17.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palo is $8,912 per month. Households that rent pay about 8.62% of their income on rent here. Palo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Toddville, IA: higher priced homes
- Atkins, IA: equally priced homes
- Hiawatha, IA: less expensive homes
- Shellsburg, IA: equally priced homes
- Robins, IA: higher priced homes
- Cedar Rapids, IA: less expensive homes
- Lafayette, IA: less expensive homes
- Fairfax, IA: equally priced homes
- Center Point, IA: less expensive homes
- Newhall, IA: less expensive homes
Cities with Similar Populations
- Barnum, MN: less expensive homes
- Van Buren, ME: less expensive homes
- Stratford, OK: less expensive homes
- Sattler, TX: higher priced homes
- Ruch, OR: higher priced homes
- Plainville, GA: less expensive homes
- Landover Hills, MD: higher priced homes
- Joppa, AL: less expensive homes
- Ivoryton, CT: higher priced homes
- Huntsville, OH: less expensive homes
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