Palermo, ND Real Estate
According to census data in the year 2000 there were 94 housing units in Palermo.
This represents a 56.7% growth from 60 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 94 were located in what is classified as a rural area.
Homeownership rate in Palermo is about 84.6%.
Palermo's vacancy rate, including seasonal lodging, is about 58.5%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Palermo were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 24.50% |
| Two Bedrooms | 40.40% |
| Three Bedrooms | 23.40% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $11,900 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.17 |
| Median year structure was built | 1955 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 0% |
| Debt Free | 99.99% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 9.9% |
