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Palisade

Learn about the people, housing, costs and businesses in Palisade, Minnesota

Median Home$204,900
Median Rent$803/month
Population158
Leading IndustriesWholesale Trade · Manufacturing · Construction11% wholesale trade
Home Value Growth⬆⬆⬆+39.1% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners87% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Palisade
MN

Frequently Asked Questions

What are today's mortgage rates in Palisade?

As of today, the 30-year fixed mortgage rate for Palisade is approximately 6.965% (7.004% 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 Palisade?

The median home value in Palisade is $205k. The median monthly rent is $803. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palisade?

Home values in Palisade have increased 39.1% 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 Palisade?

Based on a typical all-in ownership cost of $855/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palisade is $59k/year.

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What industries drive the economy in Palisade?

The largest employment sectors in Palisade are public administration (26%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.