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Palermo Union

Learn about the people, housing, costs and businesses in Palermo Union, California

Median Home$297,291
Median Rent$1,161/month
Population7,345
Leading IndustryRetail21% of local workforce
Home Value Growth+5.3% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners69% of occupied units
NotableVeteran Community9% of residents · top 9% nationally
NotableAffordable Market$297k median home · lower cost than 66% of the country
Palermo Union
CA

Frequently Asked Questions

What are today's mortgage rates in Palermo Union?

As of today, the 30-year fixed mortgage rate for Palermo Union is approximately 6.895% (6.931% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Palermo Union?

The median home value in Palermo Union is $297k. The median monthly rent is $1,161. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palermo Union?

Home values in Palermo Union have increased 5.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Palermo Union?

Based on a typical all-in ownership cost of $1,161/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palermo Union is $60k/year.

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What industries drive the economy in Palermo Union?

The largest employment sectors in Palermo Union are retail (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.