Palo, IA has a median housing value of $289,800, which is significantly lower than the US median housing value of $338,100. In the past year, the US has seen an appreciation rate of 8.27%, while Palo, IA’s appreciation rate is lower at 4.75%. Despite this low rate of appreciation, Palo remains a desirable place for homebuyers due to its affordable prices and attractive rural setting. The city offers potential homebuyers many opportunities to find the perfect house in a location that they will love.
The median home cost in Palo is $289,800. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Palo is up 11.4%.
Average Age of Homes
- The median age of Palo real estate is 36 years old
The Rental Market in Palo
- Renters make up 10.0% of the Palo population
- 0.0% of houses and apartments in Palo, 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.