Palestine, TX housing market
The typical Palestine home is worth about $202,000, up 2.3% in a year, 33% below the Texas typical home. Homes typically sell in 63 days, below asking.
Home values, sales, trends and how Palestine compares with the towns next door — updated as new data is published.
Palestine at a glance
A balanced market
About 4.1 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Palestine | Texas |
|---|---|---|
| 2017 | $122,000 | $190,000 |
| 2018 | $126,000 | $202,000 |
| 2019 | $131,000 | $214,000 |
| 2020 | $141,000 | $223,000 |
| 2021 | $157,000 | $242,000 |
| 2022 | $183,000 | $286,000 |
| 2023 | $202,000 | $313,000 |
| 2024 | $211,000 | $311,000 |
| 2025 | $213,000 | $311,000 |
| 2026 | $197,000 | $303,000 |
| August 2026 | $202,000 | $299,000 |
12 new homes permitted in 2025
Builders were permitted 12 new homes in Palestine in 2025, all single-family houses, worth about $2.3 million to build. That's 0.6 per 1,000 residents, slower than across Texas (8.1). Over the past 10 years, Palestine has permitted 828 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palestine's population fell by 168 even though 234 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Texas: 2.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 15 | 15 | 0 | $2.9 million |
| 2025 | 12 | 12 | 0 | $2.3 million |
| 2024 | 25 | 16 | 9 | $4.1 million |
| 2023 | 14 | 14 | 0 | $2.5 million |
| 2022 | 183 | 26 | 157 | $15.8 million |
| 2021 | 219 | 26 | 193 | $14 million |
| 2020 | 174 | 21 | 153 | $11.1 million |
| 2019 | 155 | 19 | 136 | $9.9 million |
| 2018 | 27 | 18 | 9 | $4.3 million |
| 2017 | 10 | 10 | 0 | $1.4 million |
| 2016 | 9 | 9 | 0 | $1.3 million |
| 2015 | 3 | 3 | 0 | $367,000 |
| 2014 | 2 | 2 | 0 | $232,000 |
| 2013 | 3 | 3 | 0 | $259,000 |
| 2012 | 3 | 3 | 0 | $490,000 |
| 2011 | 11 | 11 | 0 | $2 million |
| 2010 | 11 | 11 | 0 | $2 million |
| 2009 | 13 | 13 | 0 | $2.3 million |
| 2008 | 20 | 20 | 0 | $3.6 million |
| 2007 | 209 | 209 | 0 | $2.3 million |
| 2006 | 88 | 12 | 76 | $13 million |
| 2005 | 21 | 21 | 0 | $1.3 million |
| 2004 | 12 | 12 | 0 | $2.4 million |
| 2003 | 23 | 23 | 0 | $1.3 million |
| 2002 | 10 | 10 | 0 | $787,000 |
| 2001 | 96 | 20 | 76 | $3.8 million |
| 2000 | 68 | 34 | 34 | $4 million |
How Palestine ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.5 years of income
The typical Palestine home costs about 4.5 years of the town's median household income, more than across Texas (3.8 years).
How Palestine ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,120
HUD's Fair Market Rent for a two-bedroom in Palestine is $1,120 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palestine pay a median of $1,062. A two-bedroom takes about 30% of the town's median household income.
Studio $900 · 4 bedrooms $1,700
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (75801, 75803; Anderson County, TX), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.