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Featured local agent — Palmona Park, FL
Sarah Mitchell
Compass Real Estate · Palmona Park, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmona Park, FL Housing Market
The last median sale price Redfin published was $315,000 (through May 2026). With 6.0 months of supply and homes going under contract in about 75 days, Palmona Park is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $315,000 home is about $1,619/mo in principal and interest.
Key numbers for Palmona Park, FL
Median sale price
$315,000
Last published period
Redfin, through March 2026
Days on market
75
Slow-moving
Redfin, through March 2026
Active listings
6
6.0 months of supply
Redfin, through March 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$29,912
Home costs 10.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.9%
Selling below asking
Redfin, through March 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Palmona Park a buyer's or seller's market?
Palmona Park, FL is a buyer's market, based on 6.0 months of supply and homes selling in about 75 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Palmona Park housing market data show?
Every row below is Redfin's final published month for Palmona Park, FL. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $147,500 |
| Median price per sq ft | $217/sq ft |
| Median days on market | 75 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 96.9% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Palmona Park is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Palmona Park is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Palmona Park home prices moved?
Across the 36 months we hold for Palmona Park, FL, the median sale price rose 49.3%, from $211,000 in April 2021 to $315,000. For prices to fall meaningfully from here, supply would have to keep building past 6.0 months while the sale-to-list ratio slips below its current 96.9%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Palmona Park?
Priced off the median sale price of $315,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $63,000 | $252,000 | $1,619/mo |
| 5% | $15,750 | $299,250 | $1,923/mo |
Redfin, through March 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,619, that implies roughly $69,404 a year before you add taxes and insurance. The median household in Palmona Park earns $29,912, about $39,492 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 10.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Palmona Park in the next 12 months?
Tell us your timeline. We send the Palmona Park market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Palmona Park?
Zillow does not publish a rent index (ZORI) for Palmona Park, FL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Palmona Park?
Active listings in Palmona Park, FL went from 5 in July 2024 to 6 in March 2026, a +20.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| September 2024 | 4 | 1 |
| November 2024 | 4 | 3 |
| December 2024 | 3 | not published |
| February 2025 | 2 | not published |
| May 2025 | 4 | 3 |
| June 2025 | 6 | 4 |
| August 2025 | 8 | 1 |
| October 2025 | 6 | 1 |
| November 2025 | 7 | 3 |
| January 2026 | 6 | 1 |
| February 2026 | 5 | 2 |
| March 2026 | 6 | 1 |
Redfin, through March 2026
How does Palmona Park compare to Florida and the U.S.?
Palmona Park homes sell for $315,000 — 25% below the Florida median of $421,500. Against the national median of $410,700, Palmona Park runs 23% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Palmona Park, FL | $315,000 | not published | 75 days |
| Florida statewide | $421,500 | +2.6% | 66 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Palmona Park
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $304 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $315,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Palmona Park listing goes under contract in 75 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 96.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Palmona Park added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Palmona Park varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Palmona Park
There are currently 6 homes listed for sale in Palmona Park, Florida. The median listing price is $148K.
Active listings
6
Homes on market
Median list price
$148K
Avg. days on market
75
Days until sale
New this week
1
Newly listed
How much do homes cost in Palmona Park by property type?
How the Palmona Park, FL market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $315,000 | $217/sq ft | 1 | 75 days |
Who lives in Palmona Park?
American Community Survey estimates for Palmona Park. U.S. Census ACS, 2023
Population
1,028
Households
258
Median income
$29,912/yr
Median age
31 years
Owner-occupied
18.6%
Median gross rent
$1,359/mo
Mean commute
14.4 min
18.6% of occupied homes in Palmona Park are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Palmona Park, FL?
Ordered by distance from Palmona Park, not by size. Compare Palmona Park side by side with any of them.
Palmona Park housing market FAQ
Is Palmona Park a buyer's or seller's market?
Palmona Park, FL is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 75 days, and sellers getting 96.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Palmona Park?
The median sale price in the last month Redfin published was $315,000, about $217 per square foot.
Is Palmona Park cheaper than the rest of Florida?
Palmona Park's median sale price of $315,000 is 25% lower than the Florida statewide median of $421,500, and 23% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Palmona Park?
Homes in Palmona Park, FL spent a median of 75 days on market before going under contract, versus 66 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Palmona Park?
At the current 30-year fixed rate of 6.66%, 20% down on a $315,000 home is about $1,619 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $69,404 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $29,912.
Are home prices rising in Palmona Park?
We do not hold a complete 12-month value series for Palmona Park, FL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Palmona Park?
Palmona Park ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Palmona Park?
That depends on your timeline, not on a headline. What the data says today: Palmona Park, FL is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $315,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.