Home Price Key
Affordable
Average
Expensive
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 $136,807, lower than the Michigan average of $196,062.
The average cost of rent is $697/mo in Palo, primarily driven by the current value of real estate in the Palo area. While nearly 49.65% of residents own their homes outright in Palo, 14.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palo is $4,687 per month. Households that rent pay about 14.86% of their income on rent here. Palo's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Shiloh, MI: equally priced homes
- Fenwick, MI: less expensive homes
- Muir, MI: equally priced homes
- Orleans, MI: less expensive homes
- Vickeryville, MI: equally priced homes
- Hubbardston, MI: less expensive homes
- Carson City, MI: higher priced homes
- Matherton, MI: higher priced homes
- Ionia, MI: equally priced homes
- Sheridan, MI: equally priced homes
Cities with Similar Populations
- Sandy Point, TX: higher priced homes
- Ackworth, IA: higher priced homes
- Lisman, AL: less expensive homes
- Quincy, OH: equally priced homes
- Rider, WV: equally priced homes
- Roslyn Harbor, NY: higher priced homes
- Rough Rock, AZ: less expensive homes
- Russell, FL: higher priced homes
- Rutledge, AL: less expensive homes
- Rye, TX: higher priced homes
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