Palestine, TX—75801
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Palestine, TX
Home Price Trends — Palestine, TX
As of Oct '25, the median home price in Palestine, TX is $172,000, with a year-over-year change of -10.4%. This indicates that home prices in Palestine, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | -10.4% |
| Single Family | $172,000 | -10.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | -7.3% |
3 Bed | $206,000 | -4.6% |
4 Bed | $284,000 | -3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palestine, TX
As of July '25, Rentcast reports the average rent in Palestine, TX is $1,620, with a year-over-year rent change of 67.7%. Per bedroom, the median rent as of July '25 in Palestine, TX is 1-bedrooms: $1,490, 2-bedrooms: $1,760, 3-bedrooms: $1,580, 4-bedrooms: $1,950. The most common rental property sizes in Palestine, TX are 2-bedroom and 3-bedroom, accounting for 55.1% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,240 | $1,490 |
| 2 Bed Rent | $925 | $1,760 |
| 3 Bed Rent | $1,300 | $1,580 |
| 4 Bed Rent | $1,950 | $1,950 |
% of Rental Stock
Property Listings — Palestine, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Palestine, TX is 72. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -9.0% |
Listing Count | 109 | 3.0% |
| Listings as % of Homes | 0.6% | 3.0% |
Days on Market | 72 | -19.0% |
Demographics — Palestine, TX
As of the latest ACS Survey released in 2023, Palestine, TX has a population of 16,900, which has increased by 3.3% over the past 5 years. Palestine, TX is a popular place for families, as children make up 26.2% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 3.3% |
% Under 18 | 26.2% | -1.9% |
% Seniors | 12.7% | -9.9% |
% WFH | 6.6% | 450.0% |
% w/ College Degree | 21.3% | 11.5% |
As of the latest ACS Survey released in 2023, Palestine, TX is a predominantly white area, with 47.8% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Palestine, TX is black, making up 28.4% of the population. Foreign-born residents account for 8.2% of the population in Palestine, TX, and this percentage has decreased by 15.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.8% | -13.1% |
% Black | 28.4% | 30.9% |
% Hispanic | 17.1% | -13.2% |
% Asian | 0.4% | -73.3% |
% Foreign Born | 8.2% | -15.5% |
Mortgage and Risk — Palestine, TX
According to HUD data as of 2023, there were 138 mortgage originations in Palestine, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Palestine, TX. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Palestine, TX
Palestine, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 243 |
Total Units Section 8 | 243 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 56.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,240 | $850 |
| 2 Bedroom | $105 | $925 | $1,030 |
| 3 Bedroom | -$60 | $1,300 | $1,240 |
| 4 Bedroom | -$390 | $1,950 | $1,560 |
Affordability — Palestine, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $172,000 |
| Median Household Income | $53,500 |