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City · 27,844 residents · Hillsborough County, Florida

Palm River-Clair Mel , Florida

In Palm River-Clair Mel, a typical home is worth $271,700 and typical rent is $1,525 a month. Compared with all of Hillsborough County, the typical home value is 27% lower and typical household income is 10% lower.

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  • Typical home value

    $271,700

    27% below the county

    24% below Florida

    • Palm River-Clair Mel
    • Hillsborough
    • Florida

  • Typical rent

    $1,525a month

    9% below the county

    9% below Florida

    • Palm River-Clair Mel
    • Hillsborough
    • Florida

  • Typical household income

    $71,787a year

    10% below the county

    4% below Florida

    • Palm River-Clair Mel
    • Hillsborough
    • Florida

  • Households that own their home

    60%

    1 points below the county

    7 points below Florida

    • Palm River-Clair Mel
    • Hillsborough
    • Florida

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

Palm River-Clair Mel is in Hillsborough 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 Hillsborough County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Palm River-Clair Mel apart

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

  1. The typical home in Palm River-Clair Mel is worth $271,700, 27% less than in Hillsborough County as a whole ($371,500).

  2. Nearby, in Mango, the typical rent is $1,277: 16% less than in Palm River-Clair Mel ($1,525).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Palm River-Clair Mel

What homes there are in Palm River-Clair Mel, 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 rules in Palm River-Clair Mel: 61% of homes, more than in Hillsborough County (57%).

Year built

The typical year built in Palm River-Clair Mel is 1993, about the same as in Hillsborough County (1991).

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

With an FHA limit of $541,287, at least 92% of owner-occupied homes in Palm River-Clair Mel sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,556 a month

Hillsborough County: $2,003 a month

Without a mortgage

$501 a month

Hillsborough County: $657 a month

Owners with a mortgage

69%

Hillsborough County: 64%

In Palm River-Clair Mel, 69% of owners have a mortgage, and their typical cost is $1,556 a month, against $2,003 in Hillsborough County. Without one it drops to $501.

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

From 2015–2019 to 2020–2024, the typical home value in Palm River-Clair Mel rose 104%; in Hillsborough County, it rose 72%.

Rents in Palm River-Clair Mel rose faster than in Hillsborough County: 56% since 2015–2019, against 46%.

Here income did not keep up with housing: it rose 50%, while home values changed +104% and rent +56%.

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

MeasurePalm River-Clair MelHillsborough CountyFloridaUnited States
Rental vacancy Unreliable estimate6.4%7.6%5.5%
Homeowner vacancy Unreliable estimate1.1%1.4%0.9%
More than one person per room 3.8%3.1%3.3%3.4%
People per household 2.772.562.512.53
Drive alone 68%67%70%69%
Carpool 12%9%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 17%21%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Hillsborough County, 3.8% of households in Palm River-Clair Mel have more than one person per room.

More people live in each home here: 2.77 on average, against 2.56 in Hillsborough County.

Carpooling is common in Palm River-Clair Mel: 12% of workers get to work that way, against 9% in Hillsborough County.

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 Palm River-Clair Mel?

A typical home costs more than the typical income allows

We start with a typical home in Palm River-Clair Mel, worth $271,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Palm River-Clair Mel, which is $71,787 a year. For that payment to be 28% of income, a household would need to earn about $93,860 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Palm River-Clair Mel. 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 $9,510 (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

$2,190

at 7.18% · 30 years

Loan amount
$266,778
Total interest
$383,831
Paid off in
November 2056

Includes $4,588 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,675 a month

  • Tight

    $1,675 to $2,154 a month

  • Hard

    more than $2,154 a month

    Your payment · 37%

Compared with the typical household income in Palm River-Clair Mel ($71,787 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,190
Principal & interest$1,807
Property tax$149
Home insurance$113
FHA mortgage insurance (MIP)$120

You need at least $9,510 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

Palm River-Clair Mel and Hillsborough County

Palm River-Clair Mel is in Hillsborough County, Florida. 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).

Palm River-Clair Mel's own numbers

Typical home value
$271,700
Typical monthly rent
$1,525
Typical yearly household income
$71,787
Households that own their home
60%
Effective property tax rate
0.66%

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

Numbers for all of Hillsborough County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,917
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
13%

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 Hillsborough County.

Everything about Hillsborough County

Buying

Buying a home in Palm River-Clair Mel

A typical home in Palm River-Clair Mel is worth $271,700: 27% below the county and 24% below Florida. With the typical household income in Palm River-Clair Mel ($71,787 a year), a typical home costs 3.8 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.

  • Palm River-Clair Mel 3.8 years
  • Hillsborough 4.7 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hillsborough County

According to FHFA’s house price index, home prices in Hillsborough County rose 140% in the 10 years through 2025.

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

Period County Florida U.S.
Last year (2025) +1.7% −0.5% +2.9%
5 years (2020–2025) +63% +60% +47%
10 years (2015–2025) +140% +127% +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

Palm River-Clair Mel next to Hillsborough County, Florida and the U.S.

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

Typical home value
  • Palm River-Clair Mel $271,700
  • Hillsborough $371,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Palm River-Clair Mel $1,525
  • Hillsborough $1,667
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Palm River-Clair Mel $71,787
  • Hillsborough $79,540
  • Florida $74,568
  • United States $80,734
See the full table
Palm River-Clair Mel next to Hillsborough County and Florida
Measure Palm River-Clair Mel Hillsborough County Florida U.S.
Typical home value $271,700 $371,500 $359,000 $332,700
Typical monthly rent $1,525 $1,667 $1,669 $1,413
Typical yearly household income $71,787 $79,540 $74,568 $80,734
Households that own their home 60% 61% 68% 65%
Typical yearly property tax $1,805 $3,010 $2,730 $3,119
Effective property tax rate 0.66% 0.81% 0.76% 0.94%
Renters with high rent for their income 62% 58% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hillsborough 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 Palm River-Clair Mel

For a typical $271,700 home in Palm River-Clair Mel, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Palm River-Clair Mel's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,190a month

    Least cash to close
    Down payment
    $9,510
    Cash to close
    $17,661
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $120

  • Conventional, 5% down $2,140a month

    Down payment
    $13,585
    Cash to close
    $21,736
    Rate
    7.18%
    Mortgage insurance
    PMI · $129

  • Conventional, 20% down, no PMI $1,735a month

    Down payment
    $54,340
    Cash to close
    $62,491
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,986a month

    Down payment
    $40,755
    Cash to close
    $48,906
    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 Palm River-Clair Mel and for Hillsborough County.

Property tax

Effective rate in Palm River-Clair Mel

0.66%of the home’s value each year

$1,805 a year for the typical owner in Palm River-Clair Mel.

  • Palm River-Clair Mel 0.66%
  • Hillsborough 0.81%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Hillsborough County

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

Homes in the high-risk zone
13%
56,828
Of those, with NFIP insurance
61%
County Florida U.S.
Homes in the high-risk zone 13% 13% 3.5%
Of those, with NFIP insurance 61% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Palm River-Clair Mel

Typical rent in Palm River-Clair Mel is $1,525 a month: 9% below the county. In Palm River-Clair Mel, 62% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hillsborough County, by unit size. To pay the 2-bedroom one ($1,917 a month) without spending more than 30% of your income, you would need to earn $36.87 an hour working full time.

HUD fair market rent for all of Hillsborough 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 $1,597 $30.71 $63,880
1 bedroom $1,648 $31.69 $65,920
2 bedrooms $1,917 $36.87 $76,680
3 bedrooms $2,448 $47.08 $97,920
4 bedrooms $2,977 $57.25 $119,080

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 Palm River-Clair Mel

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Palm River-Clair Mel is in ZIP code 33619.

For 2 bedrooms it is $2,100: $183 more than the fair market rent for Hillsborough County ($1,917).

  • 33619 $2,100$2,680

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Palm River-Clair Mel 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 Palm River-Clair Mel

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.

There are 8 HUD-approved agencies with an office in Hillsborough County; 7 say they serve in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Palm River-Clair Mel

1 program is for Palm River-Clair Mel or Hillsborough County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Florida: they work in Palm River-Clair Mel the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Palm River-Clair Mel

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

  • City of Tampa Housing and Community Development Division

    306 E Jackson St, Tampa · 5 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (813) 274-7992

  • Solita's House Inc

    1029 E Hillsborough Ave, Tampa · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (813) 425-4847

  • Real Estate Education and Community Housing, Inc.

    4006 S. MacDill Avenue, Tampa · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (561) 491-1670

Every agency in Hillsborough County All counseling agencies in Florida

Help in Spanish near Palm River-Clair Mel

2 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 Palm River-Clair Mel

In HUD’s record, no housing authority with an office in Hillsborough County is named for Palm River-Clair Mel or Hillsborough County.

2 other authorities have an office in Hillsborough County: see the list Source: HUD

Cities

Other cities in Hillsborough County

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

Everything about Hillsborough County Housing in Florida
See 19 more cities in Hillsborough County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Palm River-Clair Mel, with the typical home value.

Neighboring counties

If Hillsborough 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 Palm River-Clair Mel.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Palm River-Clair Mel

Short answers with the numbers for Palm River-Clair Mel and all of Hillsborough 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 Palm River-Clair Mel?

The typical home value in Palm River-Clair Mel is $271,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hillsborough County it is $371,500.

How much does it cost to rent in Palm River-Clair Mel?

Typical rent in Palm River-Clair Mel is $1,525 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hillsborough County is $1,917.

What is the FHA loan limit in Palm River-Clair Mel?

Palm River-Clair Mel uses the FHA limit for all of Hillsborough 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 Palm River-Clair Mel?

The typical homeowner in Palm River-Clair Mel pays $1,805 a year, according to the U.S. Census Bureau. That is 0.66% of the home’s value; in Hillsborough County, the rate is 0.81%.

Where can I find free help to buy or rent in Palm River-Clair Mel?

There are 8 HUD-approved counseling agencies with an office in Hillsborough County. 7 say they serve in Spanish. 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).