All Countries
Palermo, NJ
Full City Profile · New Jersey · Cape May County County
4.1
/5.0
A
Great
2,667
Population
858/sq mi density
$98,000
Median Income
$48,770 per capita
$393,900
Home Value
$479,757 Zillow
56°F
Avg Temperature
297 sunny days/yr
A
Overall
4.1 / 5.0
Strong
A+
Economy
5.0 / 5.0
$98,000 median income, 0.5% unemployment
A
Affordability
4.4 / 5.0
$393,900 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
4.7 / 5.0
45.9% bachelor's degree or higher
Housing Overview
Median Home Value
$393,900
40% above
US avg: $281,900
Homeownership Rate
98.1%
50% above US avg (65.4%)
Total Housing Units
1,331
Median year built: 1985
Home Value by Source
Census Median
$393,900
Zillow (ZHVI)
$479,757
Median Sale Price
$389,750
Median List Price
$545,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
98.1%
Owner-Occupied
1.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Market Indicators (Redfin)
Median Days on Market
109 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
16.7%
of listings with price reduction
Price Per Sq Ft
$332
Active Inventory
12
homes for sale
Affordability & Housing Stock
Rent Burden
35.5%
of renters spending 30%+ of income on housing
15% above US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
98.1%
Complete Housing Data
Home Values
| Census Median Value | $393,900 |
| Zillow Home Value (ZHVI) | $479,757 |
| Median Sale Price | $389,750 |
| Median List Price | $545,000 |
| Price Per Sq Ft | $332 |
Rent
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 109 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.7% |
| Homes Sold | 2 |
| Active Inventory | 12 |
| Price Per Sq Ft | $332 |
Ownership & Stock
| Owner-Occupied | 98.1% |
| Renter-Occupied | 1.9% |
| Homeownership Rate | 98.1% |
| Total Housing Units | 1,331 |
| Median Year Built | 1985 |
| Rent Burden | 35.5% |