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Palmona Park

Learn about the people, housing, costs and businesses in Palmona Park, Florida

Median Home$67,900
Median Rent$1,444/month
Population1,056
Leading IndustriesWholesale Trade · Professional Services · Transportation28% wholesale trade
Home Value Growth-0.8% over 2 years
Retirees37% of residentstop 2% nationally
Homeowners77% of occupied units
NotableAmenity Score75/100 · highly walkable area
Palmona Park
FL

Frequently Asked Questions

What are today's mortgage rates in Palmona Park?

As of today, the 30-year fixed mortgage rate for Palmona Park is approximately 7.380% (7.433% 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 Palmona Park?

The median home value in Palmona Park is $68k. The median monthly rent is $1,444. Annual property taxes average $489. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palmona Park?

Home values in Palmona Park have decreased 0.8% over the past two years. Buyers may find more negotiating room in this market. 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 Palmona Park?

Based on a typical all-in ownership cost of $582/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palmona Park is $41k/year.

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What industries drive the economy in Palmona Park?

The largest employment sectors in Palmona Park are wholesale trade (28%) and public administration (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.