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Palmetto, GA Real Estate


According to census data in the year 2000 there were 1,225 housing units in Palmetto. This represents a 20.8% growth from 1,014 in 1990.

Of those housing units, 1,098 were located in either urbanized areas or urban clusters, and 127 were located in what is classified as a rural area.

Homeownership rate in Palmetto is about 58.4%. Palmetto's vacancy rate, including seasonal lodging, is about 5.3%. Average household size is 2.76 people.

The majority of houses, apartments or condos in Palmetto were built after 1978.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom10%
Two Bedrooms31.30%
Three Bedrooms48.90%
Four Bedrooms9.50%
Five Bedrooms or more0.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1973
Median Value of occupied units$83,700
Median Price asked for vacant units$87,800

Rented Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1985

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.60%
Home Equity Loan6.50%
Simple Mortgage49.90%
Debt Free37%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%