Housing data for Palmetto, FL
Palmetto, FL has an estimated 13,588 residents and 7,113 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Manatee County.
31.2% of households rent.
The median gross rent is $1,366 a month.
Figures last updated on .
- Residents
- 13,588 (±34)
- Housing units
- 7,113 (±388)
- Households that rent
- 31.2%
- Median gross rent
- $1,366
- Residents since 2015–2019
- −0.2%
What stands out in Palmetto
Rental vacancy rate: 5.2% (±5.4 points) in Palmetto, lower than in Manatee County (14.1%).
Homes built before 1980: 46.5% (±5.8 points) in Palmetto, higher than in Manatee County (33.2%).
Working from home: 11.0% (±4.1 points) in Palmetto, lower than in Manatee County (15.8%).
Median real estate taxes: $2,393 (±$315) in Palmetto, lower than in Manatee County ($3,047).
Housing in Palmetto at a glance
- Median rent: $1,366 median gross rent a month
- Rent by bedrooms: $1,388 median gross rent, 2 bedrooms
- Rent burden: 58.2% of renters pay 30% or more of income
- Renters and owners: 31.2% of households rent
- Income and affordability: $62,621 median household income
- Home values: $313,400 median home value
- Homeowner costs: $1,938 median monthly cost with a mortgage
- Property taxes: $2,393 median real estate taxes a year
- Types of homes: 23.5% of homes are in buildings of 5 or more units
- Bedrooms: 35.7% of homes have 3 or more bedrooms
- Age of homes: 46.5% of homes were built before 1980
- Vacancy rate: 5.2% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 91.6% heat with electricity
- Commute and cars: 25.5 minutes average trip to work
- Crime reported to police: 608 violent crimes per 100,000 residents
- Growth: −0.2% residents since 2015–2019
- How long people stay: 24.6% moved in since 2020
- Crowding and facilities: 5.1% of homes have more than 1 person per room
Palmetto against Manatee County, its state and the nation
| Palmetto | Manatee County | Florida | United States | |
|---|---|---|---|---|
| Residents | 13,588 (±34) | 429,792 (exact) | 22,416,077 (exact) | 334,922,499 |
| Housing units | 7,113 (±388) | 221,234 (±97) | 10,256,470 (±942) | 143,775,355 |
| Households that rent | 31.2% (±5.2 points) | 25.7% (±0.9 points) | 32.4% (±0.2 points) | 34.8% |
| Median gross rent | $1,366 (±$112) | $1,671 (±$34) | $1,669 (±$5) | $1,413 |
| Median household income | $62,621 (±$7,333) | $78,457 (±$1,393) | $74,568 (±$284) | $80,734 |
| Median home value | $313,400 (±$31,513) | $391,400 (±$5,943) | $359,000 (±$930) | $332,700 |
| Median real estate taxes (a year) | $2,393 (±$315) | $3,047 (±$81) | $2,730 (±$10) | $3,119 |
| Built before 1980 | 46.5% (±5.8 points) | 33.2% (±1.0 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 25.5 minutes (±2.2) | 27.3 minutes (±0.6) | 28.0 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 89.7% (±4.2 points) | 91.7% (±0.6 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 49.8 years (±4.8) | 49.6 years (±0.2) | 42.6 years (±0.1) | 38.9 years |
Palmetto covers 5.4 square miles of land, about 2,533 residents per square mile (Census Bureau Gazetteer).
How Palmetto has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 13,611 (±34) | 13,588 (±34) | −0.2% | Not a measurable change |
| Housing units | 6,573 (±373) | 7,113 (±388) | +8.2% | Measurable increase |
| Median gross rent | $938 (±$73) | $1,366 (±$112) | +45.6% | Up after inflation |
| Median home value | $156,700 (±$17,315) | $313,400 (±$31,513) | +100.0% | Up after inflation |
| Median household income | $48,301 (±$6,030) | $62,621 (±$7,333) | +29.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,605 (±$80) | $1,938 (±$139) | +20.7% | No measurable change after inflation |
| Median real estate taxes | $1,410 (±$234) | $2,393 (±$315) | +69.7% | Up after inflation |
| Households that rent | 33.4% (±4.7 points) | 31.2% (±5.2 points) | −2.2 percentage points | Not a measurable change |
| Rental vacancy rate | 11.2% (±5.0 points) | 5.2% (±5.4 points) | −6.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Palmetto
In 2024, the Palmetto Police Department reported 608 violent and 1,786 property crimes per 100,000 residents to the FBI.
Places near Palmetto
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Memphis | 1.8 mi | $1,173 | $313,800 | 18.8% |
| Bradenton | 2.4 mi | $1,618 | $309,400 | 44.0% |
| West Bradenton | 2.9 mi | $1,858 | $425,100 | 12.6% |
| Ellenton | 3.0 mi | $1,729 | $281,400 | 32.5% |
| Samoset | 3.9 mi | $1,386 | $196,800 | 43.9% |
| West Samoset | 4.0 mi | $1,407 | $212,800 | 55.4% |
| South Bradenton | 4.5 mi | $1,244 | $167,200 | 44.8% |
| Bayshore Gardens | 6.4 mi | $1,506 | $181,400 | 33.8% |
Places in Florida most like Palmetto
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Titusville | $1,334 | $266,600 | $66,192 | 27.9% |
| Cocoa | $1,274 | $246,100 | $63,105 | 36.5% |
| Union Park | $1,473 | $324,800 | $70,000 | 39.4% |
| Lake Magdalene | $1,434 | $371,800 | $75,594 | 27.7% |
| Plant City | $1,409 | $291,800 | $67,439 | 33.6% |
| Ocean City | $1,443 | $303,900 | $59,039 | 42.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Florida.
HUD Fair Market Rent for Palmetto, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,749 | $1,876 | $2,188 | $2,775 | $3,309 |
HUD income limits for Palmetto, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $24,000 | $39,950 | $63,950 |
| 2 people | $27,400 | $45,650 | $73,050 |
| 3 people | $30,850 | $51,350 | $82,200 |
| 4 people | $34,250 | $57,050 | $91,300 |
| 5 people | $38,680 | $61,650 | $98,650 |
| 6 people | $44,360 | $66,200 | $105,950 |
| 7 people | $50,040 | $70,750 | $113,250 |
| 8 people | $55,720 | $75,350 | $120,550 |
These are the limits HUD sets for its housing programs in the North Port-Bradenton-Sarasota, FL MSA, where HUD’s median family income for fiscal year 2026 is $109,700.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Palmetto
What is the average rent in Palmetto, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Palmetto is $1,366 (±$112) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Palmetto?
The median gross rent for a one-bedroom home in Palmetto, FL is $955 (±$372) a month (2020–2024 American Community Survey).
Are renters in Palmetto rent-burdened?
58.2% of renting households in Palmetto pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Palmetto?
Palmetto has an estimated 1,645 (±314) renting households, 31.2% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Palmetto?
The median household income in Palmetto is $62,621 (±$7,333) a year (2020–2024 American Community Survey).
What is the average home value in Palmetto, FL?
The Census Bureau publishes the median: $313,400 (±$31,513) for owner-occupied homes in Palmetto (2020–2024 American Community Survey).
Is Palmetto growing?
In Palmetto, the number of residents went from 13,611 in 2015–2019 to 13,588 in 2020–2024 (−0.2%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Palmetto city, Florida
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Palmetto city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmetto city, Florida
- HUD Fair Market Rents, fiscal year 2027: North Port-Bradenton-Sarasota, FL MSA
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: North Port-Bradenton-Sarasota, FL MSA
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Palmetto Police Department (ORI FL0410600)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palmetto city, Florida (place:54250, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .