Palisade, MN

Full City Profile · Minnesota · Aitkin County County

2.9 /5.0
C+ Fair
135 Population 199/sq mi density
$36,250 Median Income $27,837 per capita
$87,500 Home Value $263,854 Zillow
41°F Avg Temperature
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.2 / 5.0
$36,250 median income, 10.2% unemployment
A+
Affordability
5.0 / 5.0
$87,500 home value, /mo rent
D
Education
1.5 / 5.0
6.4% bachelor's degree or higher

Housing Overview

Median Home Value
$87,500
69% below
US avg: $281,900
Homeownership Rate
94.6%
45% above US avg (65.4%)
Total Housing Units
81
Median year built: 1948

Home Value by Source

Census Median
$87,500
Zillow (ZHVI)
$263,854
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

94.6%
Owner-Occupied
5.4%
Renter-Occupied
95%
5%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo

Affordability & Housing Stock

Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1948
Average age of housing stock: 78 years
Homeownership Rate
94.6%

Complete Housing Data

Home Values

Census Median Value$87,500
Zillow Home Value (ZHVI)$263,854

Rent

FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Ownership & Stock

Owner-Occupied94.6%
Renter-Occupied5.4%
Homeownership Rate94.6%
Total Housing Units81
Median Year Built1948
Rent Burden22.5%