Palmetto, FL is an excellent place to invest in real estate. According to the data provided, the median value of a house in Palmetto is $385,200; slightly higher than the US average of $338,100. Additionally, over the past year the US has seen an appreciation rate of 8.27%, while in Palmetto it has been 23.37%. This means that housing prices have increased substantially in Palmetto over the course of one year ultimately making it a great investment opportunity for potential home buyers and investors alike.
The median home cost in Palmetto is $385,200. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Palmetto is up 31.2%.
Average Age of Homes
- The median age of Palmetto real estate is 36 years old
The Rental Market in Palmetto
- Renters make up 23.7% of the Palmetto population
- 1.5% of houses and apartments in Palmetto, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.