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These days, finding an affordable place to live in the Palos area can be challenging. Home prices in Palos are now at a median cost of $253,374, lower than the Virginia average of $443,089.
The average cost of rent is $908/mo in Palos, primarily driven by the current value of real estate in the Palos area. In Palos, 24.56% of households rent, and 51.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palos is $5,490 per month. Households that rent pay about 16.54% of their income on rent here. Palos’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Singers Glen, VA: higher priced homes
- Hinton, VA: higher priced homes
- Fulks Run, VA: less expensive homes
- Rawley Springs, VA: less expensive homes
- Linville, VA: higher priced homes
- Genoa, VA: less expensive homes
- Sparkling Springs, VA: higher priced homes
- Dayton, VA: higher priced homes
- Bergton, VA: equally priced homes
- Harrisonburg, VA: higher priced homes
Cities with Similar Populations
- Ithaca, OH: equally priced homes
- Kimballton, IA: less expensive homes
- Kentontown, KY: less expensive homes
- Kensington, NH: higher priced homes
- Kenansville, FL: equally priced homes
- Keller, WA: less expensive homes
- Kattelville, NY: less expensive homes
- Kampsville, IL: less expensive homes
- Kamay, TX: equally priced homes
- Joyce, LA: less expensive homes
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