Palmetto Estates, FL
Population 16,587 · Florida
About Palmetto Estates, FL
Palmetto Estates is a mid-sized city in Florida with a population of 16,587 residents. The median household income is $82,199 per year, which is above the national average. The median age in Palmetto Estates is 41.6 years.
Housing in Palmetto Estates has a median home value of $412,200 and median monthly rent of $2,015. Of the 4,253 total housing units, the majority are owner-occupied, with 3,774 owner-occupied and 458 renter-occupied units.
The unemployment rate in Palmetto Estates is 4.3% and the poverty rate is 10.0%. 27.5% of residents hold a bachelor's degree or higher. The average commute time is 35.2 minutes.
Cost of Living in Palmetto Estates, FL
Compared to national averages, Palmetto Estates has a median household income of $82,199 (9% above the national median of $75,149). Home values average $412,200, which is 68% above the national median. Monthly rent at $2,015 is 73% above the US average of $1,163. Within Florida, Palmetto Estates's income is 8% above the state average of $75,893, and home values are 17% above the state median of $353,675.
Why Live in Palmetto Estates, FL?
Palmetto Estates offers a strong local economy with a median household income of $82,199, well above the national average, and a low poverty rate of 10.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $412,200. However, Palmetto Estates’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmetto Estates has a population of 16,587 with a median age of 41.6 years. Compare Palmetto Estates with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palmetto Estates
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Myrtle Grove | 16,637 | $63,011 | $182,600 | Compare |
| Lake Mary | 16,724 | $116,944 | $462,200 | Compare |
| Wildwood | 16,739 | $71,858 | $419,700 | Compare |
| Three Lakes | 16,426 | $91,364 | $434,800 | Compare |
| Brownsville | 16,391 | $38,460 | $285,100 | Compare |
| Vero Beach | 16,785 | $67,351 | $392,500 | Compare |
| Lake Wales | 16,365 | $55,799 | $225,900 | Compare |
| Mount Dora | 16,812 | $69,931 | $316,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Palmetto Estates
What is the population of Palmetto Estates, FL?
The population of Palmetto Estates, FL is 16,587 according to the latest Census data.
What is the median household income in Palmetto Estates?
The median household income in Palmetto Estates, FL is $82,199 per year.
What is the median home value in Palmetto Estates?
The median home value in Palmetto Estates, FL is $412,200.
What is the average rent in Palmetto Estates?
The median monthly rent in Palmetto Estates, FL is $2,015.
What is the unemployment rate in Palmetto Estates?
The unemployment rate in Palmetto Estates, FL is 4.3%.