Much like its surrounding areas, it is a little less expensive compared to the entire country. Compared to the city of Cedar Rapids however, it's substantially more expensive.
Home prices
The median home in Palo costs $191,900. This is about $4,040 (2%) lower compared to other places in this area.It is roughly $25,600 (11%) lower in comparison to the country as a whole, and compared to the city of Cedar Rapids it is approximately $50,100 (35%) higher.
Rents
Palo's median monthly rent is $1,006. Compared to the surrounding areas it is approximately $126 (14%) higher.Compared to the rest of the nation it is approximately $56 (5%) lower, and in comparison to the city of Cedar Rapids it is approximately $239 (31%) higher.
Nearby places
Shellsburg
Shellsburg is roughly 3 miles northwest from Palo. Housing prices there are somewhat less expensive. The median home in Shellsburg is valued at $153,300, which works out to $38,600 (25%) lower than Palo. The rent there is somewhat less expensive. In Shellsburg the median monthly rent is $769, which works out to $237 (30%) lower than Palo.
Hiawatha
Hiawatha is roughly 4 miles east of Palo. Real estate prices there are a lot less expensive. Hiawatha's median home cost is $143,500, which comes out to $48,400 (33%) lower than Palo. Rent there is a little less expensive. The median monthly rent in Hiawatha is $773, which comes out to $233 (30%) lower than Palo.
Atkins
Atkins is about 5 miles southwest of Palo. Housing prices there are a little more expensive. The median home in Atkins is valued at $223,500, which comes out to $31,600 (14%) higher than Palo. Its rents are substantially less expensive. Atkins's median monthly rent is $585, which works out to $421 (71%) lower than Palo.
Robins
Robins is approximately 5 miles east from Palo. The real estate prices there are significantly more expensive. The median home price in Robins is $295,200, which is $103,300 (34%) higher than Palo. The rent there is a lot more expensive. The median rent in Robins is $1,545 a month, which is $539 (34%) higher than Palo.
Center Point
Center Point is roughly 7 miles north from Palo. The housing prices there are a bit less expensive. The cost of the median home in Center Point is $164,200, which is $27,700 (16%) lower than Palo. Rent there is substantially less expensive. In Center Point the median monthly rent is $729, which works out to $277 (37%) lower than Palo.
