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Palominas

Learn about the people, housing, costs and businesses in Palominas, Arizona

Median Home$280,700
Population238
Leading IndustriesConstruction · Education · Arts, Food & Hospitality4% construction
Home Value Growth+1.9% over 2 years
Retirees29% of residentswell above average
Homeowners96% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
Palominas
AZ

Frequently Asked Questions

What are today's mortgage rates in Palominas?

As of today, the 30-year fixed mortgage rate for Palominas is approximately 6.933% (6.970% 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 Palominas?

The median home value in Palominas is $281k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palominas?

Home values in Palominas have increased 1.9% over the past two years. The market has been relatively stable. 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 Palominas?

Based on a typical all-in ownership cost of $1,104/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palominas is $82k/year.

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What industries drive the economy in Palominas?

The largest employment sectors in Palominas are public administration (20%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.