Palermo's October First-Time Homebuyer Report

With 5,382 residents, Palermo is an average-sized city in California. Also, with a 10.6% increase over the last 10 years, its population is growing faster than other parts of the state. Homes in Palermo are relatively old with a median age of 34 years. Topping the list of best schools in the city is Spring Valley Elementary School.

Price Range

The median value of homes in Palermo is $135,800, making it one of the lower priced areas in California. At the same time, the average list price of available homes is presently $318,225. The Palermo market showed strong improvement this week as sales spiked 25.0% to reach five homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months.

Curious as to which homes have been getting the most attention in Palermo? These listings have stirred up interest and produced the most views:

$334K   $114K   $399K  

Typical Dwelling

The typical dwelling in Palermo is a three-bedroom detached home worth about $271,941. To purchase a similar home, a buyer with good credit and a $54,388 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,185 monthly payment. The property tax rate is $7.93 per $1,000 of taxable assessed value.

Get started right now by checking out Palermo homes for sale or reviewing Palermo real estate trends.


Data reported through 10/13/2016

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