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Palo city, IA

ZIP 52324 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 52324

Median Home Value
$320,900
Median Rent
$730
Affordability Snapshot
$88,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,061/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

36.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 52324 in Palo city, IA, a household would need roughly $88,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,061. That sits below the local median household income ($109,432), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
90.5%+38% vs US avg
x
Vacancy Rate
1.1%-89% vs US avg
x
Broadband Access
94.5%+9% vs US avg
x
4+ Bedrooms
15.8%+7% vs US avg
x
Built Pre-1939
1.1%-91% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
18.4%-52% vs US avg
x
$320,900
Home Value
$730
Rent
2003
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached98.3%
  • 1-unit attached0.6%
  • 2-9 units0.8%
  • 10+ units0.0%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$320,900
Median rent$730
Owner-occupied90.5%
Vacant1.1%
Price-to-income2.9x
Est. income to buy$88,000