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Palo, IA Real Estate


According to census data in the year 2000 there were 250 housing units in Palo. This represents a 28.2% growth from 195 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 250 were located in what is classified as a rural area.

Homeownership rate in Palo is about 89.2%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Palo were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.60%
Two Bedrooms18%
Three Bedrooms51.60%
Four Bedrooms17.60%
Five Bedrooms or more3.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1973
Median Value of occupied units$96,900

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1961

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage22.30%
Home Equity Loan5.40%
Simple Mortgage43.10%
Debt Free29.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17%