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 Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 18% |
| Three Bedrooms | 51.60% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $96,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1961 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 22.30% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 43.10% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
