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Palm River-Clair Mel

Learn about the people, housing, costs and businesses in Palm River-Clair Mel, Florida

Median Home$259,353
Median Rent$1,607/month
Population27,826
Leading IndustriesHealthcare · Wholesale Trade · Finance & Insurance14% healthcare
Home Value Growth⬆⬆⬆+37.3% over 2 years
Young Adults33% of residentswell above average
Homeowners61% of occupied units
Palm River-Clair Mel
FL

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

Frequently Asked Questions

What are today's mortgage rates in Palm River-Clair Mel?

As of today, the 30-year fixed mortgage rate for Palm River-Clair Mel is approximately 6.943% (6.981% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Palm River-Clair Mel
What is the median home price in Palm River-Clair Mel?

The median home value in Palm River-Clair Mel is $259k. The median monthly rent is $1,607. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palm River-Clair Mel?

Home values in Palm River-Clair Mel have increased 37.3% 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 Palm River-Clair Mel?

Based on a typical all-in ownership cost of $1,340/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palm River-Clair Mel is $70k/year.

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What industries drive the economy in Palm River-Clair Mel?

The largest employment sectors in Palm River-Clair Mel are public administration (16%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.