Market Overview
Home Prices in Palmetto, GA
The median home value in Palmetto, GA is $243,273 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and down 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palmetto are priced41% below average. Palmetto is part of the Atlanta-Sandy Springs-Alpharetta, GA metro area.
Over the past five years, Palmetto home values have risen by approximately19.6%, reflecting steady appreciation in this market.
Price History
Palmetto Home Price Trend
City Comparison
Palmetto vs. National Median
At $243,273, homes in Palmetto cost 41% below the national median of $410,000. This makes Palmetto a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palmetto?
20% Down Payment
$48,655
on $243,273
Monthly P&I
$1,269/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,612/mo
incl. taxes & insurance
Income Needed
$64,480
gross annual (30% rule)
10% Down Option
$24,327
+ PMI applies
Loan Amount (20% dn)
$194,618
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Palmetto, GA?
The median home value in Palmetto is $243,273 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Palmetto?
Over the past year, home values in Palmetto have increased by 2%. Over five years, prices have risen approximately 19.6%.
How much do I need to earn to buy a home in Palmetto?
To comfortably afford the median home price of $243,273 with a 20% down payment ($48,655) at today's rates (6.8%), you'd need a gross annual income of approximately $64,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Palmetto compare to the national average home price?
The national median home value is approximately $410,000. At $243,273, homes in Palmetto are 41% below the national average.
What metro area is Palmetto part of?
Palmetto is part of the Atlanta-Sandy Springs-Alpharetta, GA metropolitan area. Home prices and market conditions can vary across the broader metro region.