Palestine, TX Real Estate
According to census data in the year 2000 there were 7,696 housing units in Palestine.
This represents a 0.3% growth from 7,676 in 1990.
Of those housing units, 7,529 were located in either urbanized areas or urban clusters, and 167 were located in what is classified as a rural area.
Homeownership rate in Palestine is about 62.4%.
Palestine's vacancy rate, including seasonal lodging, is about 13%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Palestine were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 11.40% |
| Two Bedrooms | 33.20% |
| Three Bedrooms | 45.70% |
| Four Bedrooms | 6.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $56,100 |
| Median Price asked for vacant units | $45,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.70% |
| Home Equity Loan | 2.30% |
| Simple Mortgage | 47.20% |
| Debt Free | 48.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
