All Countries
Palo, IA
Full City Profile · Iowa · Linn County County
3.6
/5.0
B+
Good
1,173
Population
978/sq mi density
$103,646
Median Income
$41,216 per capita
$274,200
Home Value
$328,832 Zillow
$1,063
Median Rent
23.8% income on rent
50°F
Avg Temperature
260 sunny days/yr
70
Violent Crime/100K
2,285 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$103,646 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$274,200 home value, $1,063/mo rent
F
Safety
1.0 / 5.0
70 violent crimes/100K
B
Education
3.2 / 5.0
27.5% bachelor's degree or higher
Housing Overview
Median Home Value
$274,200
3% below
US avg: $281,900
Median Rent
$1,063/mo
9% below
US avg: $1,163/mo
Homeownership Rate
95.3%
46% above US avg (65.4%)
Total Housing Units
430
Median year built: 2004
Home Value by Source
Census Median
$274,200
Zillow (ZHVI)
$328,832
Median Sale Price
$272,500
Median List Price
$265,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
95.3%
Owner-Occupied
4.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$1,063/mo
Market Indicators (Redfin)
Median Days on Market
103 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
3
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$141
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
23.8%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
2004
Average age of housing stock: 22 years
Homeownership Rate
95.3%
Complete Housing Data
Home Values
| Census Median Value | $274,200 |
| Zillow Home Value (ZHVI) | $328,832 |
| Median Sale Price | $272,500 |
| Median List Price | $265,000 |
| Price Per Sq Ft | $141 |
Rent
| Census Median Rent | $1,063 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 103 |
| Sale-to-List Ratio | 1.1% |
| Price Drops | 25.0% |
| Homes Sold | 3 |
| Active Inventory | 4 |
| Price Per Sq Ft | $141 |
Ownership & Stock
| Owner-Occupied | 95.3% |
| Renter-Occupied | 4.7% |
| Homeownership Rate | 95.3% |
| Total Housing Units | 430 |
| Median Year Built | 2004 |
| Rent Burden | 23.8% |