Palmetto, FL housing market
Typical home value
$350K
▼ 2.7% 1 yr
Typical rent
$2,155/mo
▼ 1.8% 1 yr
Gross rent yield
7.4%
U.S. 6.3%
5-year home value change
+9%
U.S. +20%
Key takeaways
- 1The typical home in Palmetto is worth $350,433, down 2.7% over the past year and up 9% over five years.
- 2Typical rent is $2,155 a month (−1.8% YoY), a gross rent yield of 7.4% (above the North Port, FL metro's 6.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,926/mo, $229 less than typical rent.
- 4Zillow forecasts the North Port, FL metro's home values to change −1.9% over the next 12 months.
Market temperature (North Port, FL metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 56/100, #69 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Palmetto compares
| Measure | Palmetto | North Port, FL metro | United States |
|---|---|---|---|
| Typical home value | $350,433 | $403,540 | $366,157 |
| Home value, 1-yr change | −2.7% | −2.0% | +1.2% |
| Typical rent | $2,155 | $2,106 | $1,932 |
| Rent, 1-yr change | −1.8% | +0.0% | +2.7% |
| Gross rent yield | 7.4% | 6.3% | 6.3% |
| Price-to-rent ratio | 13.6 | 16.0 | 15.8 |
| Mortgage P&I, typical home | $1,926 | $2,218 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Palmetto rental, pre-filled.
Rent vs buy in Palmetto
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $350K home.
Landlord in Florida? See Florida deposit, late fee and notice rules.
Other cities in the North Port, FL metro
Sarasota, FL
$411K home$2,210 rent
▼ 1.5% 1 yr
Bradenton, FL
$352K home$1,768 rent
▼ 2.3% 1 yr
Venice, FL
$380K home$2,121 rent
▼ 2.5% 1 yr
North Port, FL
$303K home$1,937 rent
▼ 2.5% 1 yr
Englewood, FL
$324K home$1,669 rent
▼ 2.8% 1 yr
Lakewood Ranch, FL
$589K home$2,311 rent
▼ 2.6% 1 yr
Parrish, FL
$414K home$2,651 rent
▼ 3.1% 1 yr
Nokomis, FL
$498K home$2,188 rent
▼ 1.8% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.