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Palmetto city, FL

ZIP 34221 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 34221

Median Home Value
$298,200
Median Rent
$1,220
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,916/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 34221 in Palmetto city, FL, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,916. That is roughly in line with the local median household income ($74,314). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.5%+23% vs US avg
x
Vacancy Rate
17.7%+72% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
4.5%-34% vs US avg
x
Rent Burden >30%
29.6%-40% vs US avg
x
Mortgage-Free
49.8%+30% vs US avg
x
$298,200
Home Value
$1,220
Rent
1992
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.9%
  • 1-unit attached3.7%
  • 2-9 units2.9%
  • 10+ units7.2%
  • Mobile home & other28.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$298,200
Median rent$1,220
Owner-occupied80.5%
Vacant17.7%
Price-to-income4.0x
Est. income to buy$82,000