In Palmetto, a typical home is worth $313,400 and typical rent is $1,366 a month. Compared with all of Manatee County, typical household income is 20% lower, the typical home value is 20% lower, and the share of households that own their home is 6 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $320,331 to $350,433.
Typical rent
$2,155a month
▼ 1.8% less than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,845 to $2,155.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Palmetto is in Manatee County. The FHA loan limit ($547,400 for a one-unit home), the fair market rents and the help on this page are those of all of Manatee County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Samoset, the typical home value is $196,800: 37% less than in Palmetto ($313,400).
2
The typical household income in Palmetto is $62,621,20% less than in Manatee County as a whole ($78,457).
3
The typical home in Palmetto is worth $313,400,20% less than in Manatee County as a whole ($391,400).
4
The typical rent in Palmetto is $1,366 a month, 18% less than in Manatee County as a whole ($1,671).
5
69% of households in Palmetto own their home, against 74% in Manatee County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Palmetto
What homes there are in Palmetto, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Palmetto
Manatee County
Florida
United States
Kind of home: Palmetto and its comparisons
Measure
Palmetto
Manatee County
Florida
United States
Detached house
34%
54%
55%
61%
Attached house
6%
7%
7%
6%
Building of 2 to 4
6%
6%
6%
8%
Apartments (5 or more)
24%
19%
25%
19%
Mobile home
31%
14%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Homes in Palmetto are varied: detached houses are the largest group, at 34%, against 54% in Manatee County.
In Palmetto there are many mobile homes: 31% of homes; in Manatee County, 14%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Palmetto
Manatee County
Florida
United States
Year built: Palmetto and its comparisons
Measure
Palmetto
Manatee County
Florida
United States
Before 1960
11%
8%
10%
26%
1960–1979
35%
25%
24%
24%
1980–1999
27%
28%
34%
25%
2000–2009
19%
17%
18%
14%
2010 or later
7%
22%
14%
11%
The typical home in Palmetto was built in 1983, 8 years before the typical one in Manatee County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K23%
$100K–$200K13%
$200K–$300K12%
$300K–$500K28%
$500K–$750K12%
FHA limit: $547,400
$750K–$1M6%
$1M or moreUnreliable
Value of owner-occupied homes: Palmetto and its comparisons
Measure
Palmetto
Under $100K
23%
$100K–$200K
13%
$200K–$300K
12%
$300K–$500K
28%
$500K–$750K
12%
$750K–$1M
6%
$1M or more
Unreliable estimate
About 78% of owner-occupied homes in Palmetto are worth less than the FHA loan limit for Manatee County ($547,400).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99920%
$1,000–$1,49935%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Palmetto and its comparisons
Measure
Palmetto
Under $500
Unreliable estimate
$500–$999
20%
$1,000–$1,499
35%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,938 a month
Manatee County: $2,079 a month
Without a mortgage
$717 a month
Manatee County: $706 a month
Owners with a mortgage
44%
Manatee County: 51%
Owning costs less in Palmetto: with a mortgage, the typical cost is $1,938 a month; in Manatee County, $2,079. Without one, $717.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Palmetto+100%
Manatee County+64%
Florida+67%
United States+53%
Typical rent
Palmetto+46%
Manatee County+46%
Florida+42%
United States+33%
Typical household income
Palmetto+30%
Manatee County+33%
Florida+34%
United States+29%
Change since 2015–2019: Palmetto and its comparisons
Measure
Palmetto
Manatee County
Florida
United States
Typical home value
+100%
+64%
+67%
+53%
Typical rent
+46%
+46%
+42%
+33%
Typical household income
+30%
+33%
+34%
+29%
Since 2015–2019, homes in Palmetto gained value faster than in Manatee County: 100% against 64%.
Much as in Manatee County, the typical rent in Palmetto rose 46% since 2015–2019.
Housing prices ran ahead of income in Palmetto: typical income rose 30%, against +100% for home values and +46% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Palmetto and its comparisons
Measure
Palmetto
Manatee County
Florida
United States
Rental vacancy
Unreliable estimate
14.1%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
2.0%
1.4%
0.9%
More than one person per room
5.1%
2.5%
3.3%
3.4%
People per household
2.55
2.40
2.51
2.53
Drive alone
72%
70%
70%
69%
Carpool
13%
10%
9%
9%
Public transit
0%
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
11%
16%
16%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
More than one person per room: that is how 5.1% of households in Palmetto live, more than in Manatee County (2.5%).
On average, a household in Palmetto has 2.55 people, more than in Manatee County (2.40).
Carpooling is common in Palmetto: 13% of workers get to work that way, against 10% in Manatee County.
Do the math
What would you pay each month for a home in Palmetto?
A typical home costs more than the typical income allows
We start with a typical home in Palmetto, worth $313,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 49% of the typical household income in Palmetto, which is $62,621 a year. For that payment to be 28% of income, a household would need to earn about $109,385 a year.
The calculator's FHA and conventional loan limits are those of all of Manatee County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Palmetto. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,969 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,552
at 7.18% · 30 years
Loan amount
$307,724
Total interest
$442,742
Paid off in
November 2056
Includes $5,293 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,461 a month
Tight
$1,461 to $1,879 a month
Hard
more than $1,879 a month
Your payment · 49%
Compared with the typical household income in Palmetto ($62,621 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,085
Property tax
$199
Home insurance
$131
FHA mortgage insurance (MIP)
$139
You need at least $10,969 for the down payment, plus closing costs.
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.
Total monthly payment $2,552; principal and interest $2,085.
The city and its county
Palmetto and Manatee County
Palmetto is in Manatee 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).
Palmetto
Map of Manatee County, Florida, with Palmetto marked. Around it, the neighboring counties.
Palmetto
Manatee County
Other cities with a page
Palmetto's own numbers
Typical home value
$313,400
Typical monthly rent
$1,366
Typical yearly household income
$62,621
Households that own their home
69%
Effective property tax rate
0.76%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Manatee County
FHA limit, one-unit home
$547,400
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,188
Price change over 5 years (FHFA)
+66%
Homes in a high flood-risk zone
23%
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 Manatee County.
A typical home in Palmetto is worth $313,400: 20% below the county and 13% below Florida. With the typical household income in Palmetto ($62,621 a year), a typical home costs 5.0 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.
Palmetto5.0 years
Manatee5.0 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Manatee County
According to FHFA’s house price index, home prices in Manatee County rose 130% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Manatee County.
Yearly change in FHFA’s price index in Manatee County, 2016 to 2025
2016: +9.8% +9.8% 2016
2017: +8.4% +8.4% 2017
2018: +6.7% +6.7% 2018
2019: +4.1% +4.1% 2019
2020: +5.2% +5.2% 2020
2021: +18.1% +18.1% 2021
2022: +28.2% +28.2% 2022
2023: +8.7% +8.7% 2023
2024: +3.7% +3.7% 2024
2025: −3.0% −3.0% 2025
Change in FHFA’s price index in Manatee County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
−3.0%
−0.5%
+2.9%
5 years (2020–2025)
+66%
+60%
+47%
10 years (2015–2025)
+130%
+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
Palmetto next to Manatee 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
Palmetto$313,400
Manatee$391,400
Florida$359,000
United States$332,700
Typical monthly rent
Palmetto$1,366
Manatee$1,671
Florida$1,669
United States$1,413
Typical yearly household income
Palmetto$62,621
Manatee$78,457
Florida$74,568
United States$80,734
See the full table
Palmetto next to Manatee County and Florida
Measure
Palmetto
Manatee County
Florida
U.S.
Typical home value
$313,400 ▼20% below the county
$391,400
$359,000
$332,700
Typical monthly rent
$1,366 ▼18% below the county
$1,671
$1,669
$1,413
Typical yearly household income
$62,621 ▼20% below the county
$78,457
$74,568
$80,734
Households that own their home
69% ▼6 points below the county
74%
68%
65%
Typical yearly property tax
$2,393 ▼21% below the county
$3,047
$2,730
$3,119
Effective property tax rate
0.76% ▼0.02 points below the county
0.78%
0.76%
0.94%
Renters with high rent for their income
58% ▼2 points below the county
61%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Manatee 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 Palmetto
For a typical $313,400 home in Palmetto, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Palmetto's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,552a month
Least cash to close
Down payment
$10,969
Cash to close
$20,371
Rate
7.18%
Mortgage insurance
FHA MIP · $139
Conventional, 5% down$2,495a month
Down payment
$15,670
Cash to close
$25,072
Rate
7.18%
Mortgage insurance
PMI · $149
Conventional, 20% down, no PMI$2,028a month
Down payment
$62,680
Cash to close
$72,082
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,317a month
Down payment
$47,010
Cash to close
$56,412
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Palmetto
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,552
$10,969
$307,724
7.18%
FHA MIP · $139
$20,371
580
Conventional, 5% down
$2,495
$15,670
$297,730
7.18%
PMI · $149
$25,072
620*
Conventional, 20% down, no PMI
$2,028
$62,680
$250,720
7.18%
None
$72,082
620*
ITIN, 15% down (example)
$2,317
$47,010
$266,390
8.18%
None
$56,412
Set by the lender
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.
Typical rent in Palmetto is $1,366 a month: 18% below the county. In Palmetto, 58% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Manatee County, by unit size. To pay the 2-bedroom one ($2,188 a month) without spending more than 30% of your income, you would need to earn $42.08 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Manatee County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,749
$33.63
$69,960
1 bedroom
$1,876
$36.08
$75,040
2 bedrooms
$2,188
$42.08
$87,520
3 bedrooms
$2,775
$53.37
$111,000
4 bedrooms
$3,309
$63.63
$132,360
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 Palmetto
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Palmetto is in ZIP code 34221.
For 2 bedrooms it is $2,050: $138 less than the fair market rent for Manatee County ($2,188).
Fair market rent by ZIP code and size in Palmetto, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
34221
$1,640
$1,760
$2,050
$2,600
$3,100
ZIP code2 bd3 bd
34221 $2,050$2,600
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Palmetto 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 2 HUD-approved agencies with an office in Manatee County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Palmetto or Manatee County. The ones below are statewide in Florida: they work in Palmetto the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
No legal help resource on our list is for Palmetto or Manatee County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Palmetto and all of Manatee 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 Palmetto?
The typical home value in Palmetto is $313,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Manatee County it is $391,400.
How much does it cost to rent in Palmetto?
Typical rent in Palmetto is $1,366 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Manatee County is $2,188.
What is the FHA loan limit in Palmetto?
Palmetto uses the FHA limit for all of Manatee County (2026): $547,400 for a one-unit home and $1,052,700 for a four-unit home.
How much property tax do owners pay in Palmetto?
The typical homeowner in Palmetto pays $2,393 a year, according to the U.S. Census Bureau. That is 0.76% of the home’s value; in Manatee County, the rate is 0.78%.
Where can I find free help to buy or rent in Palmetto?
There are 2 HUD-approved counseling agencies with an office in Manatee County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
