Palestine, AR Real Estate
According to census data in the year 2000 there were 323 housing units in Palestine.
This represents a 16.2% growth from 278 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 323 were located in what is classified as a rural area.
Homeownership rate in Palestine is about 66.3%.
Palestine's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Palestine were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 11.50% |
| Two Bedrooms | 34.40% |
| Three Bedrooms | 48.30% |
| Four Bedrooms | 5.30% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $54,600 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.20% |
| Home Equity Loan | 3% |
| Simple Mortgage | 24.60% |
| Debt Free | 70.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.6% |
