Palermo, ND is an area with a great housing market. The median value of a house in Palermo is $227,300, significantly lower than the US House median value of $338,100. Additionally, Palermo's 1 year house appreciation rate is 9.41%, 0.14% higher than the US average of 8.27%. This shows that investing in a home in Palermo would likely be profitable in the long-term. With its low cost for housing and high potential for appreciation, Palermo is an attractive place to own property.
The median home cost in Palermo is $227,300. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Palermo is up 10.5%.
Average Age of Homes
- The median age of Palermo real estate is 32 years old
The Rental Market in Palermo
- Renters make up 19.4% of the Palermo population
- 10.1% 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.