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Palestine Independent

Learn about the people, housing, costs and businesses in Palestine Independent, Texas

Median Home$168,610
Median Rent$984/month
Population22,438
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing8% finance & insurance
Home Value Growth⬆⬆+11.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners66% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Palestine Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Palestine Independent?

As of today, the 30-year fixed mortgage rate for Palestine Independent is approximately 7.038% (7.079% 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 Independent?

The median home value in Palestine Independent is $169k. The median monthly rent is $984. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palestine Independent?

Home values in Palestine Independent have increased 11.4% 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 Independent?

Based on a typical all-in ownership cost of $946/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palestine Independent is $56k/year.

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What industries drive the economy in Palestine Independent?

The largest employment sectors in Palestine Independent are public administration (20%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.