Real Estate Market Update for Palmetto, FL
Welcome to December's Market Update. Lets take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 15% from one year earlier, and up 2% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 24%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 240-thousand dollars. The number of units sold increased 4% year-over-year, and decreased 16% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Palmetto, FL
Area Information for Palmetto, FL
  • Population: 14,130
  • Median Age: 41.95 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 2,657/sq mi
  • Population Change Since 2000: 8.28%
  • Closest Airport: Sarasota/bradenton International
  • Closest College: State Cllg Of Florida Manatee-sarasota
  • Closest Jr. College: Florida College Of Natural Health
  • Median Household Income: $42,584
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $142,000
  • Closest Major Sports Team: Bradenton Marauders (a)
  • Change Avg. Household Income Since 2000: 28.11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Palmetto, FL
Median Age: 41.95 Married: 39% Number of Households: 5,380 Households with Children: 1,261
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Palmetto, FL

      School Name Distance Type Grades School Rating Parent Rating
      James Tillman Elementary Magnet School 0.9 mi Public PRESCHOOL-5 1 0
      Palm View Elementary School 1.1 mi Public K-5 0 0
      Lincoln Middle School 1.8 mi Public 6-8 1 0
      Palmetto High School 2.3 mi Public 9-12 2 0
      Blackburn Elementary School 2.4 mi Public PRESCHOOL-5 1 0
      Palmetto Charter School 2.5 mi Public K-8 5 0
      Manatee School For The Arts 2.5 mi Public 6-12 4 3
      Educational Harbor 2.5 mi Private - 0 0
      Palmetto Elementary School 2.8 mi Public PRESCHOOL-5 1 0
      Just For Girls 2.8 mi Public 6-8 0 0
      Suncoast Baptist Academy 3.0 mi Private K-12 0 0
      Family Life Community School 3.7 mi Private PRESCHOOL-8 0 0
      Imagine Charter School At North Manatee 3.9 mi Public PRESCHOOL-8 2 0
      Virgil Mills Elementary School 4.2 mi Public PRESCHOOL-5 4 0
      Buffalo Creek Middle School 4.3 mi Public 6-8 3 0
      The Port Academy 6.3 mi Public 7-12 0 0
      Palmetto Youth Academy 6.3 mi Public 9-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Palmetto, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.