Palermo, CA Real Estate
According to census data in the year 2000 there were 2,189 housing units in Palermo.
This represents a 8.6% growth from 2,015 in 1990.
Of those housing units, 801 were located in either urbanized areas or urban clusters, and 1,388 were located in what is classified as a rural area.
Homeownership rate in Palermo is about 77.7%.
Palermo's vacancy rate, including seasonal lodging, is about 7.6%.
Average household size is 2.88 people.
The majority of houses, apartments or condos in Palermo were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 12.10% |
| Two Bedrooms | 36.40% |
| Three Bedrooms | 38.90% |
| Four Bedrooms | 7.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $92,700 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.47 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $371 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 54.30% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
