Housing in Palo, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$396,250
Median List Price
$399,900
Price Per Sq Ft
$167
Days on Market
9
Active Inventory
1
Months of Supply
0.5
Seller's market
Zillow Home Value
$326,586
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
25.0%
Sale-to-List Ratio
96.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$167
Median List $/SF
$170
Palo vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Palo is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$274,200
Median Rent
$1,063
Total Housing Units
409
Vacancy Rate
2.0%
Owner Occupied
95.3%
Renter Occupied
4.7%
Median Property Tax
$4,007
per year
Monthly Cost (w/ Mortgage)
$1,815
Housing Types
The current median sale price in Palo, IA is $396,250 according to Redfin data. Homes spend a median of 9 days on the market. 0.0% of homes sold above asking price. The market has 0.5 months of supply. The median price per square foot is $167. The median rent is $1,063 per month (Census ACS). About 95.3% of housing units are owner-occupied. The median year homes were built is 2005. There are 409 total housing units.