Palo, MI
Full City Profile · Michigan · Gratiot County County
4.2
/5.0
A
Great
409
Population
584/sq mi density
$34,403
Median Income
$13,500 per capita
$92,600
Home Value
$230,599 Zillow
47°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
B
Economy
3.1 / 5.0
$34,403 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$92,600 home value, /mo rent
A+
Education
4.6 / 5.0
0.0% bachelor's degree or higher
Housing Overview
Median Home Value
$92,600
67% below
US avg: $281,900
Homeownership Rate
85.7%
31% above US avg (65.4%)
Total Housing Units
127
Median year built: 1938
Home Value by Source
Census Median
$92,600
Zillow (ZHVI)
$230,599
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.7%
Owner-Occupied
14.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Affordability & Housing Stock
Rent Burden
24.7%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
85.7%
Complete Housing Data
Home Values
| Census Median Value | $92,600 |
| Zillow Home Value (ZHVI) | $230,599 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 85.7% |
| Renter-Occupied | 14.3% |
| Homeownership Rate | 85.7% |
| Total Housing Units | 127 |
| Median Year Built | 1938 |
| Rent Burden | 24.7% |