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City · 19,136 residents · Anderson County, Texas

Palestine , Texas

In Palestine, a typical home is worth $166,000 and typical rent is $1,062 a month. Compared with all of Anderson County, typical household income is 28% lower, the typical home value is 10% lower, and the share of households that own their home is 18 points lower.

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  • Typical home value

    $166,000

    10% below the county

    42% below Texas

    • Palestine
    • Anderson
    • Texas

  • Typical rent

    $1,062a month

    2% above the county

    24% below Texas

    • Palestine
    • Anderson
    • Texas

  • Typical household income

    $44,981a year

    28% below the county

    43% below Texas

    • Palestine
    • Anderson
    • Texas

  • Households that own their home

    55%

    18 points below the county

    8 points below Texas

    • Palestine
    • Anderson
    • Texas

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

Market now, with Zillow data

Zillow data
Typical home value
$194,911
3.3% more than 12 months ago
Typical rent
$1,453 a month

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

Palestine is in Anderson 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 Anderson County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Palestine apart

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

  1. 55% of households in Palestine own their home, against 72% in Anderson County.

  2. Nearby, in Jacksonville, the typical home value is $119,800: 28% less than in Palestine ($166,000).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Palestine rose 3.3%; in Texas, it fell 1.4%.

  4. The typical household income in Palestine is $44,981, 28% less than in Anderson County as a whole ($62,068).

  5. Nearby, in Crockett, the typical rent is $855: 19% less than in Palestine ($1,062).

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

The homes here

Housing in Palestine

What homes there are in Palestine, 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 the most common home in Palestine: 68% of homes, near the figure in Anderson County (66%).

Year built

The typical home in Palestine was built in 1976, 9 years before the typical one in Anderson County.

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

At least 91% of owner-occupied homes in Palestine are worth less than $500,000, below the FHA loan limit for Anderson County ($541,287).

Monthly rent with utilities

With a mortgage

$1,441 a month

Anderson County: $1,434 a month

Without a mortgage

$601 a month

Anderson County: $546 a month

Owners with a mortgage

44%

Anderson County: 41%

In Palestine, 44% of owners have a mortgage; their typical cost is $1,441 a month, about the same as in Anderson County.

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 Palestine rose 67% since 2015–2019, less than in Anderson County (82%).

Much as in Anderson County, the typical rent in Palestine rose 37% since 2015–2019.

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

MeasurePalestineAnderson CountyTexasUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.7%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate4.9%4.8%3.4%
People per household 2.772.732.692.53
Drive alone 80%82%71%69%
Carpool 9%9%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 5%5%14%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Anderson County, a household in Palestine has 2.77 people on average.

To get to work, 80% of workers in Palestine drive alone; in Anderson County, 82%.

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 Palestine?

A typical home costs more than the typical income allows

We start with a typical home in Palestine, worth $166,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Palestine, which is $44,981 a year. For that payment to be 28% of income, a household would need to earn about $60,488 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Palestine. 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 $5,810 (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

$1,411

at 7.18% · 30 years

Loan amount
$162,993
Total interest
$234,509
Paid off in
November 2056

Includes $2,803 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,050 a month

  • Tight

    $1,050 to $1,349 a month

  • Hard

    more than $1,349 a month

    Your payment · 38%

Compared with the typical household income in Palestine ($44,981 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,411
Principal & interest$1,104
Property tax$165
Home insurance$69
FHA mortgage insurance (MIP)$73

You need at least $5,810 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

Palestine and Anderson County

Palestine is in Anderson County, Texas. 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).

Palestine's own numbers

Typical home value
$166,000
Typical monthly rent
$1,062
Typical yearly household income
$44,981
Households that own their home
55%
Effective property tax rate
1.19%

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

Numbers for all of Anderson County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,201
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
1%

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 Anderson County.

Everything about Anderson County

Buying

Buying a home in Palestine

A typical home in Palestine is worth $166,000: 10% below the county and 42% below Texas. With the typical household income in Palestine ($44,981 a year), a typical home costs 3.7 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.

  • Palestine 3.7 years
  • Anderson 3.0 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Anderson County

According to FHFA’s house price index, home prices in Anderson County rose 85% in the 10 years through 2025.

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

Period County Texas U.S.
Last year (2025) +1.7% +0.8% +2.9%
5 years (2020–2025) +47% +44% +47%
10 years (2015–2025) +85% +88% +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

Palestine next to Anderson County, Texas and the U.S.

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

Typical home value
  • Palestine $166,000
  • Anderson $185,300
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Palestine $1,062
  • Anderson $1,041
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Palestine $44,981
  • Anderson $62,068
  • Texas $78,476
  • United States $80,734
See the full table
Palestine next to Anderson County and Texas
Measure Palestine Anderson County Texas U.S.
Typical home value $166,000 $185,300 $283,800 $332,700
Typical monthly rent $1,062 $1,041 $1,403 $1,413
Typical yearly household income $44,981 $62,068 $78,476 $80,734
Households that own their home 55% 72% 63% 65%
Typical yearly property tax $1,977 $1,702 $4,232 $3,119
Effective property tax rate 1.19% 0.92% 1.49% 0.94%
Renters with high rent for their income 58% 55% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Anderson 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 Palestine

For a typical $166,000 home in Palestine, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Palestine's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,411a month

    Least cash to close
    Down payment
    $5,810
    Cash to close
    $10,790
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $73

  • Conventional, 5% down $1,381a month

    Down payment
    $8,300
    Cash to close
    $13,280
    Rate
    7.18%
    Mortgage insurance
    PMI · $79

  • Conventional, 20% down, no PMI $1,133a month

    Down payment
    $33,200
    Cash to close
    $38,180
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,287a month

    Down payment
    $24,900
    Cash to close
    $29,880
    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 Palestine and for Anderson County.

Property tax

Effective rate in Palestine

1.19%of the home’s value each year

$1,977 a year for the typical owner in Palestine.

  • Palestine 1.19%
  • Anderson 0.92%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Anderson County

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

Homes in the high-risk zone
1%
164
Of those, with NFIP insurance
10%
County Texas U.S.
Homes in the high-risk zone 1% 4.1% 3.5%
Of those, with NFIP insurance 10% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Palestine

Typical rent in Palestine is $1,062 a month: 2% above the county. In Palestine, 58% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Anderson County, by unit size. To pay the 2-bedroom one ($1,201 a month) without spending more than 30% of your income, you would need to earn $23.10 an hour working full time.

HUD fair market rent for all of Anderson 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 $939 $18.06 $37,560
1 bedroom $945 $18.17 $37,800
2 bedrooms $1,201 $23.10 $48,040
3 bedrooms $1,431 $27.52 $57,240
4 bedrooms $1,750 $33.65 $70,000

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 Palestine

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Palestine has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,190 in 75801 to $1,260 in 75803.

1 of the 2 is above the fair market rent for Anderson County ($1,201).

  • 75801 $1,190$1,420
  • 75803 $1,260$1,500

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Palestine 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?

Low-income apartments

Low-income apartments in Palestine

HUD lists 11 buildings with rents for lower incomes in Palestine. These are the largest.

  • Woodside Village 2020 Martin Luther King Blvd, Palestine 75803 100 homes, 92 low-income · 1 bd: 10 · 2 bd: 30 · 3 bd: 42 · 4 bd: 10 · In service since 2016 · For families (903) 729-0246
  • Sycamore Lane Apts 321 Old Elkhart Rd, Palestine 75801 79 low-income homes · 2 bd: 79 · In service since 1995
  • Treehouse Apts 1910 S Sycamore St, Palestine 75801 76 low-income homes · In service since 2002
  • Hampton Chase Apts 2401 N State Highway 155, Palestine 75803 75 low-income homes · 1 bd: 20 · 2 bd: 31 · 3 bd: 24 · In service since 2006
  • Pinehurst Apartments 122 Kickapoo St, Palestine 75803 50 low-income homes · For older adults (903) 723-8630

See all 14 buildings in Anderson County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Palestine

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 Anderson County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Palestine

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

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Palestine

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

  • Neighborhood Housing Services of Waco, Inc.

    922 Franklin Ave, Waco · 89 miles away · Spanish

    • Budget and credit workshops
    • Workshops for new owners
    • and 2 more
    (254) 752-1647

  • Waco Community Development Corporation

    1624 Colcord Ave, Waco · 90 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (254) 235-7358

  • NSC (naca Counseling Subsidiary) - Dallas, TX

    5787 S Hampton Rd Ste 115, Dallas · 95 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (972) 283-1171

All counseling agencies in Texas

Help in Spanish near Palestine

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 Palestine

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

All housing agencies in Texas Source: HUD

Cities

Nearby cities

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

Everything about Anderson County Housing in Texas

Neighboring counties

If Anderson 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 Palestine.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Palestine

Short answers with the numbers for Palestine and all of Anderson 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 Palestine?

The typical home value in Palestine is $166,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Anderson County it is $185,300.

How much does it cost to rent in Palestine?

Typical rent in Palestine is $1,062 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Anderson County is $1,201.

What is the FHA loan limit in Palestine?

Palestine uses the FHA limit for all of Anderson 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 Palestine?

The typical homeowner in Palestine pays $1,977 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Anderson County, the rate is 0.92%.

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

We found no HUD-approved counseling agencies with an office in Anderson 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).