Housing · Palermo
Palermo, ME housing market
The typical Palermo home is worth about $362,000, down 0.9% in a year, 13% below the Maine typical home.
Home values, sales, trends and how Palermo compares with the towns next door — updated as new data is published.
The market right now
Palermo at a glance
Typical home value
$362K
▼ 0.9% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
PalermoMaine
Show as a table
| January | Palermo | Maine |
|---|---|---|
| 2017 | $179,000 | $207,000 |
| 2018 | $191,000 | $220,000 |
| 2019 | $209,000 | $234,000 |
| 2020 | $217,000 | $246,000 |
| 2021 | $254,000 | $287,000 |
| 2022 | $300,000 | $335,000 |
| 2023 | $321,000 | $367,000 |
| 2024 | $334,000 | $398,000 |
| 2025 | $367,000 | $411,000 |
| 2026 | $365,000 | $412,000 |
| August 2026 | $362,000 | $416,000 |
Next door
Palermo and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Palermo | $362K | −0.9% | — | $89,095 |
| China | $343K | +3.4% | — | $96,309 |
| Liberty | $339K | +5.4% | — | $71,146 |
| Washington | $347K | +2.6% | — | $59,861 |
| Somerville | $291K | −2.4% | — | $71,250 |
| Windsor | $364K | +6.2% | — | $63,178 |
Affordability
4.1 years of income
The typical Palermo home costs about 4.1 years of the town's median household income, less than across Maine (5.6 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
91.2%
Maine: 74.3%
Median tax bill
$2,506
Maine: $3,036
Median rent
$1,235
Maine: $1,139
Typical home built
1988
Maine: 1977
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.