Much like its nearby areas, it is a little less expensive compared to the nation as a whole. Compared to the city of Tampa however, it is significantly less expensive.
Home prices
The median home in Palmetto is valued at $156,700. In comparison to its nearby areas it is roughly $3,600 (2%) lower.Compared to the entire nation it is approximately $60,800 (27%) lower, and it is roughly $82,200 (34%) lower compared to the city of Tampa.
Rents
In Palmetto the median rent is $938 a month. Compared to its surrounding areas it is about $164 (14%) lower.In comparison to the country as a whole it is about $124 (11%) lower, and it is roughly $193 (17%) lower in comparison to the city of Tampa.
Nearby places
Memphis
Memphis is Palmetto's neighbor to the northeast. Real estate prices there are similar. Memphis's median home price is $157,000, which is very similar to Palmetto. The rent there is somewhat more expensive. The median monthly rent in Memphis is $1,032, which comes out to $94 (9%) higher than Palmetto.
Ellenton
Ellenton is Palmetto's neighbor to the east. Its real estate prices are a bit less expensive. The value of the median home in Ellenton is $121,100, which is $35,600 (29%) lower than Palmetto. The rent there is a little less expensive. In Ellenton the median rent is $887 a month, which is $51 (5%) lower than Palmetto.
Bradenton
Bradenton is roughly 2 miles south of Palmetto. The real estate prices there are somewhat more expensive. The median home in Bradenton is valued at $169,800, which is $13,100 (7%) higher than Palmetto. The rent there is a little more expensive. In Bradenton the median monthly rent is $1,117, which works out to $179 (16%) higher than Palmetto.
West Bradenton
West Bradenton is approximately 2 miles southwest of Palmetto. Housing prices there are significantly more expensive. West Bradenton's median home value is $249,900, which works out to $93,200 (37%) higher than Palmetto. Its rents are substantially more expensive. West Bradenton's median rent is $1,420 a month, which works out to $482 (33%) higher than Palmetto.
Samoset
Samoset is roughly 4 miles southeast from Palmetto. The housing prices there are substantially less expensive. The price of the median home in Samoset is $103,700, which works out to $53,000 (51%) lower than Palmetto. Rents there are a little more expensive. The median rent in Samoset is $1,052 a month, which works out to $114 (10%) higher than Palmetto.
