Much like its surrounding areas, it is somewhat less expensive compared to the rest of the nation. However it is a lot less expensive compared to the city of New York.
Home prices
The median home cost in Palenville is $195,100. It is about $8,520 (4%) lower in comparison to other places in this area.In comparison to the country as a whole it is roughly $22,400 (10%) lower, and compared to the city of New York it is roughly $410,900 (67%) lower.
Rents
The median rent in Palenville is $697 a month. In comparison to its nearby areas it is approximately $269 (27%) lower.It is approximately $365 (34%) lower compared to the US as a whole, and in comparison to the city of New York is approximately $746 (51%) lower.
Nearby places
Tannersville
Tannersville is about 5 miles west from Palenville. Its housing prices are similar. The median home value in Tannersville is $189,700, which comes out to $5,400 (2%) lower than Palenville. Its rents are a bit more expensive. In Tannersville the median rent is $878 a month, which is $181 (20%) higher than Palenville.
Germantown
Germantown is approximately 6 miles southeast of Palenville. Its real estate prices are a bit more expensive. The median home value in Germantown is $268,100, which comes out to $73,000 (27%) higher than Palenville. Its rents are a bit more expensive. In Germantown the median rent is $1,000 a month, which works out to $303 (30%) higher than Palenville.
Jefferson Heights
Jefferson Heights is approximately 7 miles northeast of Palenville. Its real estate prices are somewhat less expensive. The cost of the median home in Jefferson Heights is $164,600, which comes out to $30,500 (18%) lower than Palenville. Its rents are substantially more expensive. The median monthly rent in Jefferson Heights is $1,082, which works out to $385 (35%) higher than Palenville.
Catskill
Catskill is roughly 7 miles east from Palenville. The real estate prices there are a bit less expensive. The median home in Catskill costs $162,400, which comes out to $32,700 (20%) lower than Palenville. Its rents are somewhat more expensive. The median monthly rent in Catskill is $913, which works out to $216 (23%) higher than Palenville.
Saugerties
Saugerties is roughly 7 miles southeast of Palenville. Real estate prices there are somewhat more expensive. The median home in Saugerties costs $233,300, which comes out to $38,200 (16%) higher than Palenville. The rent there is a bit more expensive. Saugerties's median monthly rent is $956, which works out to $259 (27%) higher than Palenville.
