Palestine, TX—75803
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 $209,000, with a year-over-year change of -6.3%. This indicates that home prices in Palestine, TX are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | -6.3% |
| Single Family | $209,000 | -6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | -4.3% |
3 Bed | $211,000 | -3.2% |
4 Bed | $305,000 | -1.9% |
| 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 $1,690, with a year-over-year rent change of 15.0%. Per bedroom, the median rent as of July '25 in Palestine, TX is 1-bedrooms: $1,100, 2-bedrooms: $1,200, 3-bedrooms: $1,640, 4-bedrooms: $3,500. The most common rental property sizes in Palestine, TX are 3-bedroom and 4-bedroom, accounting for 53.1% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,120 | $1,200 |
| 3 Bed Rent | $1,680 | $1,640 |
| 4 Bed Rent | $3,500 | $3,500 |
% 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 73. This is a decrease of -20.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | -12.0% |
Listing Count | 73 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 73 | -20.0% |
Demographics — Palestine, TX
As of the latest ACS Survey released in 2023, Palestine, TX has a population of 21,400, which has decreased by -3.5% over the past 5 years. Palestine, TX is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 10.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | -3.5% |
% Under 18 | 16.8% | -5.1% |
% Seniors | 17.6% | 22.2% |
% WFH | 3.1% | 24.0% |
% w/ College Degree | 10.8% | 5.9% |
As of the latest ACS Survey released in 2023, Palestine, TX is a predominantly white area, with 56.7% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Palestine, TX is hispanic, making up 24.1% of the population. Foreign-born residents account for 7.4% of the population in Palestine, TX, and this percentage has increased by 27.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.7% | -6.7% |
% Black | 14.5% | -29.6% |
% Hispanic | 24.1% | 45.2% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 7.4% | 27.6% |
Mortgage and Risk — Palestine, TX
According to HUD data as of 2023, there were 209 mortgage originations in Palestine, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Palestine, TX. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 209 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
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 | 296 |
Total Units Section 8 | 296 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 71.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,100 | $860 |
| 2 Bedroom | -$80 | $1,120 | $1,040 |
| 3 Bedroom | -$430 | $1,680 | $1,250 |
| 4 Bedroom | -$1,930 | $3,500 | $1,570 |
Affordability — Palestine, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $209,000 |
| Median Household Income | $59,900 |