Similar to its nearby areas, it is substantially less expensive compared to the entire nation. Compared to the city of Tyler, it is substantially less expensive.
Home prices
The median home in Palestine is valued at $99,400. This is roughly $4,120 (3%) lower compared to its nearby areas.It is about $118,100 (54%) lower in comparison to the country as a whole, and it is roughly $60,600 (37%) lower compared to the city of Tyler.
Rents
The median rent in Palestine is $774 a month. This is roughly $24 (3%) lower in comparison to other places in this area.In comparison to the United States as a whole it is about $288 (27%) lower, and compared to the city of Tyler it is approximately $149 (16%) lower.
Nearby places
Elkhart
Elkhart is roughly 10 miles south of Palestine. Housing prices there are a little less expensive. The value of the median home in Elkhart is $87,800, which comes out to $11,600 (13%) lower than Palestine. The rent there is somewhat less expensive. The median monthly rent in Elkhart is $705, which works out to $69 (9%) lower than Palestine.
Oakwood
Oakwood is approximately 16 miles southwest from Palestine. Real estate prices there are substantially less expensive. The price of the median home in Oakwood is $71,900, which works out to $27,500 (38%) lower than Palestine. Its rents are a little more expensive. In Oakwood the median rent is $865 a month, which works out to $91 (10%) higher than Palestine.
Grapeland
Grapeland is roughly 21 miles southeast of Palestine. Its real estate prices are a lot less expensive. Grapeland's median home cost is $67,000, which works out to $32,400 (48%) lower than Palestine. Its rents are somewhat less expensive. Grapeland's median monthly rent is $674, which comes out to $100 (14%) lower than Palestine.
Frankston
Frankston is roughly 23 miles north of Palestine. Its housing prices are a little more expensive. Frankston's median home price is $115,900, which works out to $16,500 (14%) higher than Palestine. Rents there are fairly similar. Frankston's median monthly rent is $773, which is very similar to Palestine.
Cuney
Cuney is approximately 24 miles northeast from Palestine. Its real estate prices are a lot more expensive. The price of the median home in Cuney is $175,000, which is $75,600 (43%) higher than Palestine. Its rents are somewhat more expensive. The median monthly rent in Cuney is $975, which is $201 (20%) higher than Palestine.
