There are currently 9,370 real estate properties in Palestine, TX, with a median automated valuation model (AVM) price of $161,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palestine, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palestine, TX, is $196,803.00, with the most expensive house in Palestine, TX, topping out at $3,050,200.00 and the cheapest home in Palestine, TX, clocking in at $14,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Palestine, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palestine, TX, is on a rollercoaster ride. The average rent price in Palestine, TX, is $1,054.00. Indeed, when looking to rent in Palestine, TX, you can expect to pay as little as $500.00 or as much as $2,660.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Palestine, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Palestine, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Palestine, TX and much more. Save thousands at closing with home foreclosure listings in Palestine, TX — up to 75% off market value!
Palestine is located in Anderson, Texas, with an estimated municipal population of 17,730 residents. All of the best foreclosed homes for sale in Palestine are located in the following zip code areas on Foreclosure.com: 75801 75803 75802 75882. The estimated population per square kilometer (.62 miles) in Palestine is 352.
So, about how much do homes cost in Palestine? The most recent median value of resident-owned homes in Palestine is 96,873. An estimated 55 percent of households in Palestine own their homes, with an average family size of 3.37. The median household income in Palestine is 37,868, with8.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Palestine, the median commute time of resident workers (in minutes) is 16.5. And last, but certainly not least, are you looking for homes to rent in Palestine? If so, the average rent price paid by renters in Palestine is 774, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Palestine, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Palestine is 33.7, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Palestine is 46.4, with an average family size of 3.37.
The percentage of residents who report their race in Palestine is as follows:
|Black / African American||27.7%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Palestine? Or maybe you are searching for 55+ active adult communities in and/or near Palestine?
The percentage of residents who report their age in Palestine is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Palestine with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Palestine.
How do you know that living in -- or moving to -- Palestine is right where you need to be? Perhaps you grew up in Palestine or already live nearby; therefore, the decision to buy a home in Palestine is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Palestine for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Palestine:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Palestine.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Palestine can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Palestine, meanwhile, can field multiple offers from more qualified buyers.
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