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City · 5,266 residents · Butte County, California

Palermo , California

In Palermo, a typical home is worth $283,000 and typical rent is $1,135 a month. Compared with all of Butte County, the typical home value is 33% lower, typical household income is 26% lower, and the share of households that own their home is 11 points higher.

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  • Typical home value

    $283,000

    33% below the county

    61% below California

    • Palermo
    • Butte
    • California

  • Typical rent

    $1,135a month

    20% below the county

    44% below California

    • Palermo
    • Butte
    • California

  • Typical household income

    $50,588a year

    26% below the county

    49% below California

    • Palermo
    • Butte
    • California

  • Households that own their home

    69%

    11 points above the county

    13 points above California

    • Palermo
    • Butte
    • California

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$240,480
3% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Palermo is in Butte County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Butte County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Palermo apart

What this place has that others do not, from public data, most unusual first.

  1. Palermo has the 25th lowest typical household income of the 659 cities in California with more than 5,000 people ($50,588).

  2. The typical home in Palermo is worth $283,000, 33% less than in Butte County as a whole ($424,700).

  3. 19% of households in Palermo have no internet at home (6% in Butte County).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Palermo fell 3%; in California, it rose 0.6%.

  5. Palermo has the 39th lowest typical rent of the 648 cities in California with more than 5,000 people ($1,135).

  6. 69% of households in Palermo own their home, against 57% in Butte County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Palermo

What homes there are in Palermo, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Palermo, but it weighs less than in Butte County: 54% against 61%.

In Palermo there are many mobile homes: 42% of homes; in Butte County, 10%.

Year built

In Palermo, half of the homes were built before 1979; in Butte County, before 1981.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,099 a month

Butte County: $2,187 a month

Without a mortgage

$709 a month

Butte County: $689 a month

Owners with a mortgage

40%

Butte County: 58%

Owning costs about the same in Palermo as in Butte County: with a mortgage, $2,099 a month; without one, $709.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Palermo rose 31% since 2015–2019, less than in Butte County (56%).

Since 2015–2019, the typical rent in Palermo did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePalermoButte CountyCaliforniaUnited States
Rental vacancy Unreliable estimate5.9%4.2%5.5%
Homeowner vacancy Unreliable estimate1.6%0.8%0.9%
More than one person per room Unreliable estimate3.8%8.2%3.4%
People per household 2.532.422.842.53
Drive alone 78%72%66%69%
Carpool Unreliable estimate9%10%9%
Public transit Unreliable estimate1%3%3%
Walk or bike Unreliable estimate4%3%3%
Work from home Unreliable estimate13%17%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

A household in Palermo has 2.53 people on average, about the same as in Butte County (2.42).

In Palermo, 78% of workers drive alone to work; in Butte County, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Palermo?

A typical home costs more than the typical income allows

We start with a typical home in Palermo, worth $283,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Palermo, which is $50,588 a year. For that payment to be 28% of income, a household would need to earn about $97,663 a year.

The calculator's FHA and conventional loan limits are those of all of Butte County.

Your numbers

Local data
$

Starts at the typical home value in Palermo. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,905 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,279

at 7.18% · 30 years

Loan amount
$277,874
Total interest
$399,796
Paid off in
November 2056

Includes $4,779 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,180 a month

  • Tight

    $1,180 to $1,518 a month

  • Hard

    more than $1,518 a month

    Your payment · 54%

Compared with the typical household income in Palermo ($50,588 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,279
Principal & interest$1,882
Property tax$153
Home insurance$118
FHA mortgage insurance (MIP)$125

You need at least $9,905 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Palermo and Butte County

Palermo is in Butte County, California. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Palermo's own numbers

Typical home value
$283,000
Typical monthly rent
$1,135
Typical yearly household income
$50,588
Households that own their home
69%
Effective property tax rate
0.65%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Butte County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,509
Price change over 5 years (FHFA)
+23%
Homes in a high flood-risk zone
5.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Butte County.

Everything about Butte County

Buying

Buying a home in Palermo

A typical home in Palermo is worth $283,000: 33% below the county and 61% below California. With the typical household income in Palermo ($50,588 a year), a typical home costs 5.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Palermo 5.6 years
  • Butte 6.3 years
  • California 7.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Butte County

According to FHFA’s house price index, home prices in Butte County rose 74% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Butte County.

Period County California U.S.
Last year (2025) +0.5% +0.8% +2.9%
5 years (2020–2025) +23% +40% +47%
10 years (2015–2025) +74% +80% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Palermo next to Butte County, California and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Palermo $283,000
  • Butte $424,700
  • California $734,700
  • United States $332,700
Typical monthly rent
  • Palermo $1,135
  • Butte $1,414
  • California $2,036
  • United States $1,413
Typical yearly household income
  • Palermo $50,588
  • Butte $67,928
  • California $99,122
  • United States $80,734
See the full table
Palermo next to Butte County and California
Measure Palermo Butte County California U.S.
Typical home value $283,000 $424,700 $734,700 $332,700
Typical monthly rent $1,135 $1,414 $2,036 $1,413
Typical yearly household income $50,588 $67,928 $99,122 $80,734
Households that own their home 69% 57% 56% 65%
Typical yearly property tax $1,853 $2,951 $5,124 $3,119
Effective property tax rate 0.65% 0.69% 0.7% 0.94%
Renters with high rent for their income 62% 60% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Butte County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Palermo

For a typical $283,000 home in Palermo, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Palermo's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,279a month

    Least cash to close
    Down payment
    $9,905
    Cash to close
    $18,395
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $125

  • Conventional, 5% down $2,227a month

    Down payment
    $14,150
    Cash to close
    $22,640
    Rate
    7.18%
    Mortgage insurance
    PMI · $134

  • Conventional, 20% down, no PMI $1,805a month

    Down payment
    $56,600
    Cash to close
    $65,090
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,067a month

    Down payment
    $42,450
    Cash to close
    $50,940
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Palermo and for Butte County.

Property tax

Effective rate in Palermo

0.65%of the home’s value each year

$1,853 a year for the typical owner in Palermo.

  • Palermo 0.65%
  • Butte 0.69%
  • California 0.7%

What California publishes Homeowners' exemption (California State Board of Equalization (BOE))

Exemptions and deadlines in California

Flood risk in Butte County

FEMA does not publish these numbers by city: they are for all of Butte County.

Homes in the high-risk zone
5.6%
4,026
Of those, with NFIP insurance
22%
County California U.S.
Homes in the high-risk zone 5.6% 2.8% 3.5%
Of those, with NFIP insurance 22% 31% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Palermo

Typical rent in Palermo is $1,135 a month: 20% below the county. In Palermo, 62% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Butte County, by unit size. To pay the 2-bedroom one ($1,509 a month) without spending more than 30% of your income, you would need to earn $29.02 an hour working full time.

HUD fair market rent for all of Butte County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,064 $20.46 $42,560
1 bedroom $1,190 $22.88 $47,600
2 bedrooms $1,509 $29.02 $60,360
3 bedrooms $2,090 $40.19 $83,600
4 bedrooms $2,522 $48.50 $100,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Palermo

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Palermo has 3 ZIP codes with their own.

For 2 bedrooms it is $1,470 in all of them.

None is above the fair market rent for Butte County ($1,509).

  • 95965 $1,470$2,040
  • 95966 $1,470$2,040
  • 95968 $1,470$2,040

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Palermo when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Palermo

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Butte County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Palermo

No down payment, repair or rent-help program on our list is for Palermo or Butte County. The ones below are statewide in California: they work in Palermo the same as in the rest of the state.

Which programs do I qualify for? All programs in California

  • MyHome Assistance Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers in California. Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

  • California Dream For All Shared Appreciation Loan

    Statewide in California

    Closed, per the source

    CalHFA down payment loan for first-generation buyers in California; when you sell, you repay the loan plus a share of the home's appreciation. Offered by California Housing Finance Agency (CalHFA).

    Shared appreciation

    See the program Official page

  • MyAccess Program

    Statewide in California

    CalHFA second loan with deferred payments for the down payment or closing costs of first-time buyers who use the CalPLUS Access mortgage (FHA or conventional). Offered by California Housing Finance Agency (CalHFA).

    Deferred

    See the program Official page

Housing counselors near Palermo

The HUD-approved agencies closest to the center of Palermo, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • The Greater Sacramento Urban League

    3725 Marysville Blvd, Sacramento · 55 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (916) 286-8652

  • Greater Sacramento Urban League-Oak Park

    2331 Alhambra Blvd, Sacramento · 60 miles away · Spanish

    • Budget and credit workshops
    • Homelessness services
    • and 4 more
    (916) 286-8652

  • Sacramento Neighborhood Housing Services Inc Aka Formally Known As Neighborworks Homeownership Center Sacramento Region

    2411 Alhambra Blvd, Sacramento · 60 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (916) 452-5356

All counseling agencies in California

Help in Spanish near Palermo

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Palermo

HUD’s record names them for Palermo or Butte County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • County of Butte HSG Auth Public housing and Section 8 vouchers (530) 895-4474

All housing agencies in California Source: HUD

Cities

Other cities in Butte County

These cities are also in Butte County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Butte County Housing in California

Nearby cities

The cities closest to Palermo, with the typical home value.

Neighboring counties

If Butte County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Palermo.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Palermo

Short answers with the numbers for Palermo and all of Butte County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Palermo?

The typical home value in Palermo is $283,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Butte County it is $424,700.

How much does it cost to rent in Palermo?

Typical rent in Palermo is $1,135 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Butte County is $1,509.

What is the FHA loan limit in Palermo?

Palermo uses the FHA limit for all of Butte County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Palermo?

The typical homeowner in Palermo pays $1,853 a year, according to the U.S. Census Bureau. That is 0.65% of the home’s value; in Butte County, the rate is 0.69%.

Where can I find free help to buy or rent in Palermo?

We found no HUD-approved counseling agencies with an office in Butte County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).