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These days, finding an affordable place to live in the Parmalee area can be challenging. Home prices in Parmalee are now at a median cost of $419,716, higher than the Florida average of $396,783.
The average cost of rent is $1,375/mo in Parmalee, primarily driven by the current value of real estate in the Parmalee area. In Parmalee, 9.53% of households rent, and 38.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parmalee is $8,623 per month. Households that rent pay about 15.94% of their income on rent here. Parmalee’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Myakka City, FL: higher priced homes
- Verna, FL: higher priced homes
- Sandy, FL: higher priced homes
- Bethany, FL: higher priced homes
- Myakka Head, FL: equally priced homes
- Ona, FL: less expensive homes
- Pine Level, FL: less expensive homes
- Limestone, FL: less expensive homes
- Fruitville, FL: higher priced homes
- Sarasota Springs, FL: less expensive homes
Cities with Similar Populations
- Gifford, IL: less expensive homes
- Saulsbury, TN: less expensive homes
- Sand Rock, AL: less expensive homes
- Ridgecrest, SC: less expensive homes
- Kinlichee, AZ: less expensive homes
- Kandiyohi, MN: less expensive homes
- Aaronsburg, PA: less expensive homes
- Iona, OK: less expensive homes
- Henley, MO: less expensive homes
- Hamler, OH: less expensive homes
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