Foreclosure Homes in Palmetto, FL

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Palmetto, FL Foreclosures

How much do homes sell for in Palmetto, FL?
The average home price is currently $402,843.
In Palmetto, FL, how many homes are available?
There are currently 15,636 active home listings available in Palmetto.
What’s the average rental cost in Palmetto, FL?
The average rental price in Palmetto is $1,458.
What is the most expensive home in Palmetto, Florida?
The most expensive home sold in Palmetto had a price of $8,352,355.
What is currently the cheapest priced home in Palmetto, FL?
The cheapest home for sale in Palmetto is priced at $29,000.

Home Value Estimator For Palmetto, FL

There are currently 15,636 real estate properties in Palmetto, FL, with a median automated valuation model (AVM) price of $362,149.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palmetto, FL, 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 Palmetto, FL, is $402,843.00, with the most expensive house in Palmetto, FL, topping out at $8,352,355.00 and the cheapest home in Palmetto, FL, clocking in at $29,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmetto, FL!

Rent Prices In Palmetto, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmetto, FL, is on a rollercoaster ride. The average rent price in Palmetto, FL, is $1,458.00. Indeed, when looking to rent in Palmetto, FL, you can expect to pay as little as $600.00 or as much as $3,520.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Palmetto, FL -- 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.

Top Reasons To Live In Palmetto, FL In 2024

Palmetto is located in Manatee, Florida, with an estimated municipal population of 13,748 residents. All of the best foreclosed homes for sale in Palmetto are located in the following zip code areas on 34221 34220. The estimated population per square kilometer (.62 miles) in Palmetto is 1,000.

Cost Of Living In Palmetto, FL

So, about how much do homes cost in Palmetto? The most recent median value of resident-owned homes in Palmetto is 142,602. An estimated 66.6 percent of households in Palmetto own their homes, with an average family size of 3.76. The median household income in Palmetto is 48,301, with17.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Palmetto, the median commute time of resident workers (in minutes) is 24.7. And last, but certainly not least, are you looking for homes to rent in Palmetto? If so, the average rent price paid by renters in Palmetto is 938, according to recent statistics.

Diversity And Demographics In Palmetto, Florida

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 Palmetto, 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 Palmetto is 42.7, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Palmetto is 44.9, with an average family size of 3.76.

The percentage of residents who report their race in Palmetto is as follows:

White 81.3%
Black / African American 14.3%
Asian 1%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 1.6%

Looking for family-friendly neighborhoods in and/or near Palmetto? Or maybe you are searching for 55+ active adult communities in and/or near Palmetto?

The percentage of residents who report their age in Palmetto is as follows:

Under 10 12.9%
Aged 10-19 10.3%
20s 12.9%
30s 10.9%
40s 9%
50s 12.4%
60s 12.8%
70s 11.2%
80+ 7.6%

Best Schools In Palmetto, Florida

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 Palmetto with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Palmetto.

Pros And Cons Of Living In Palmetto, Florida

How do you know that living in -- or moving to -- Palmetto is right where you need to be? Perhaps you grew up in Palmetto or already live nearby; therefore, the decision to buy a home in Palmetto is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Palmetto 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 Palmetto:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Palmetto.

Reasons To Move To Palmetto, Florida, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Palmetto can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Palmetto, meanwhile, can field multiple offers from more qualified buyers.

Palmetto, FL Foreclosures


Listing types in Palmetto, FL

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