Home prices
Palestine's median home price is $63,500. It is roughly $10,200 (19%) higher compared to other places in this area.Compared to the rest of the country it is approximately $154,000 (70%) lower, and compared to the city of Memphis it is roughly $38,300 (37%) lower.
Rents
The median rent in Palestine is $633 a month. It is about $32 (4%) lower in comparison to the surrounding areas.It is approximately $429 (40%) lower in comparison to the rest of the country, and it is about $268 (29%) lower in comparison to the city of Memphis.
Nearby places
Forrest City
Forrest City is roughly 6 miles northeast from Palestine. Housing prices there are pretty similar. The median home in Forrest City costs $65,100, which is $1,600 (2%) higher than Palestine. Rent there is similar. The median rent in Forrest City is $631 a month, which is very similar to Palestine.
Haynes
Haynes is approximately 7 miles southeast from Palestine. Its real estate prices are somewhat less expensive. The price of the median home in Haynes is $58,800, which comes out to $4,700 (7%) lower than Palestine. Rents there are a little more expensive. The median rent in Haynes is $764 per month, which comes out to $131 (17%) higher than Palestine.
Caldwell
Caldwell is approximately 9 miles northeast from Palestine. Its housing prices are a bit more expensive. The value of the median home in Caldwell is $67,200, which is $3,700 (5%) higher than Palestine. The rent there is a bit more expensive. The median rent in Caldwell is $757 per month, which is $124 (16%) higher than Palestine.
Madison
Madison is about 9 miles east of Palestine. Its housing prices are a lot less expensive. The median home in Madison is valued at $21,500, which works out to $42,000 (195%) lower than Palestine. The rent there is somewhat more expensive. Madison's median monthly rent is $722, which is $89 (12%) higher than Palestine.
Wheatley
Wheatley is roughly 10 miles west from Palestine. The real estate prices there are a little less expensive. The median home in Wheatley is valued at $53,900, which works out to $9,600 (17%) lower than Palestine. The rent there is significantly less expensive. The median monthly rent in Wheatley is $450, which is $183 (40%) lower than Palestine.
