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ZipNumbers

Iowa · Census place 61230

Palo city, IA

Quick answer

Palo city has 1,173 residents, ranking #258 of 1026 places in Iowa. Median household income is $103,646, the median home is worth $274,200 and median gross rent runs $1,063 a month.

Population
1,173Palo city residents
Median household income
$103,646Past 12 months, inflation adjusted
Median home value
$274,200Owner-occupied units
Median gross rent
$1,063Rent plus utilities, monthly
Median age
32.7 yrsAll residents
Homeownership rate
95.3%Owner-occupied households

What the numbers mean in Palo city

Housing cost measured against local earnings.

A household earning the Palo city median would spend about 12.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.3% of residents and 95.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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