Palmetto, GA Real Estate
According to census data in the year 2000 there were 1,225 housing units in Palmetto.
This represents a 20.8% growth from 1,014 in 1990.
Of those housing units, 1,098 were located in either urbanized areas or urban clusters, and 127 were located in what is classified as a rural area.
Homeownership rate in Palmetto is about 58.4%.
Palmetto's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.76 people.
The majority of houses, apartments or condos in Palmetto were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10% |
| Two Bedrooms | 31.30% |
| Three Bedrooms | 48.90% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 0.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $83,700 |
| Median Price asked for vacant units | $87,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1985 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 49.90% |
| Debt Free | 37% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
