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Palestine

Learn about the people, housing, costs and businesses in Palestine, Arkansas

Median Home$98,100
Median Rent$810/month
Population546
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality4% education
Home Value Growth⬆⬆⬆+35.8% over 2 years
Retirees30% of residentswell above average
Homeowners80% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$98k median home · lower cost than 92% of the country
Palestine
AR

Frequently Asked Questions

What are today's mortgage rates in Palestine?

As of today, the 30-year fixed mortgage rate for Palestine is approximately 6.875% (6.910% 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 Palestine?

The median home value in Palestine is $98k. The median monthly rent is $810. Annual property taxes average $498. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palestine?

Home values in Palestine have increased 35.8% over the past two years. This indicates a strong appreciation trend. 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 Palestine?

Based on a typical all-in ownership cost of $717/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palestine is $51k/year.

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What industries drive the economy in Palestine?

The largest employment sectors in Palestine are public administration (22%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.