Market Overview
Home Prices in Palisades, TX
The median home value in Palisades, TX is $207,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.5% compared to a year ago and down 12.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palisades are priced49% below average. Palisades is part of the Amarillo, TX metro area.
Over the past five years, Palisades home values have risen by approximately2.4%, reflecting modest growth in this market.
Price History
Palisades Home Price Trend
City Comparison
Palisades vs. National Median
At $207,314, homes in Palisades cost 49% below the national median of $410,000. This makes Palisades a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palisades?
20% Down Payment
$41,463
on $207,314
Monthly P&I
$1,081/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,373/mo
incl. taxes & insurance
Income Needed
$54,920
gross annual (30% rule)
10% Down Option
$20,731
+ PMI applies
Loan Amount (20% dn)
$165,851
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 Palisades, TX?
The median home value in Palisades is $207,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.5% year-over-year.
How much have home prices changed in Palisades?
Over the past year, home values in Palisades have increased by 8.5%. Over five years, prices have risen approximately 2.4%.
How much do I need to earn to buy a home in Palisades?
To comfortably afford the median home price of $207,314 with a 20% down payment ($41,463) at today's rates (6.8%), you'd need a gross annual income of approximately $54,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Palisades compare to the national average home price?
The national median home value is approximately $410,000. At $207,314, homes in Palisades are 49% below the national average.
What metro area is Palisades part of?
Palisades is part of the Amarillo, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.