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Palmer Ranch CDP, FL

ZIP 34238 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 34238

Median Home Value
$532,800
Median Rent
$1,774
Affordability Snapshot
$147,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,423/mo PITI).

23%
Rent-to-Income Ratio

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

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.0 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 34238 in Palmer Ranch CDP, FL, a household would need roughly $147,000 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 $3,423. That is about 55% above the local median household income ($94,583), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.7%+16% vs US avg
x
Vacancy Rate
18.9%+84% vs US avg
x
Broadband Access
94.3%+8% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
3.8%-44% vs US avg
x
Rent Burden >30%
25.0%-50% vs US avg
x
Mortgage-Free
58.2%+52% vs US avg
x
$532,800
Home Value
$1,774
Rent
1998
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached50.1%
  • 1-unit attached14.2%
  • 2-9 units8.4%
  • 10+ units22.0%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$532,800
Median rent$1,774
Owner-occupied75.7%
Vacant18.9%
Price-to-income5.6x
Est. income to buy$147,000