The housing market in Palermo, CA is significantly lower than the national average. The median value of a home in Palermo is $237,500 compared to the US median of $338,100. Additionally, the US housing appreciation over the last year has been 8.27% while Palermo’s was 3.09%. This means that homes in Palermo have had a much slower increase in value than other parts of the country. Consequently, Palermo remains an affordable option for those looking to purchase a home.
The median home cost in Palermo is $237,500. Home appreciation the last 10 years has been 129.9%. Home Appreciation in Palermo is up 9.0%.
Average Age of Homes
- The median age of Palermo real estate is 40 years old
The Rental Market in Palermo
- Renters make up 25.4% of the Palermo population
- 0.0% of houses and apartments in Palermo, 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.