Palenville, NY
Population 990 · New York
About Palenville, NY
Palenville is a small community located in New York with a population of 990 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 45.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Palenville features a median home value of $233,700, which is 5% below the national median of $244,900. This positions Palenville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,002, 14% below the national average of $1,163/month. Of the 607 total housing units, 70% are owner-occupied (356 units) and 30% are renter-occupied (153 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palenville shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.5%, above the national average of 12.4%. Workers in Palenville have an average one-way commute time of 29.3 minutes.
Education & Demographics
26.5% of Palenville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.9% of the population being foreign-born.
Cost of Living in Palenville, NY
Compared to national averages, Palenville has a median household income of $0 (100% below the national median of $75,149). Home values average $233,700, which is 5% below the national median. Monthly rent at $1,002 is 14% below the US average of $1,163. Within New York, Palenville's income is 100% below the state average of $96,987, and home values are 40% below the state median of $387,181.
Why Live in Palenville, NY?
Palenville offers affordable housing with a median home value of $233,700, below the US average of $244,900, and rent that’s lower than the national average at $1,002/month.
Potential considerations include median household income ($0) that falls below the national average. However, Palenville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palenville has a population of 990 with a median age of 45.2 years. Compare Palenville with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Palenville
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tully | 990 | $76,094 | $172,700 | Compare |
| Peach Lake | 988 | $136,136 | $456,600 | Compare |
| Port Byron | 994 | $51,528 | $100,000 | Compare |
| Point Lookout | 996 | $108,371 | $1,049,100 | Compare |
| Cohocton | 997 | $64,167 | $82,200 | Compare |
| Shelter Island Heights | 998 | $103,884 | $1,041,300 | Compare |
| Avoca | 981 | $64,375 | $91,100 | Compare |
| Richmondville | 1,001 | $46,571 | $155,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palenville With Other Cities
Frequently Asked Questions about Palenville
What is the population of Palenville, NY?
The population of Palenville, NY is 990 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Palenville?
The median household income in Palenville, NY is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Palenville?
The median home value in Palenville, NY is $233,700, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palenville?
The median monthly rent in Palenville, NY is $1,002, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Palenville?
The unemployment rate in Palenville, NY is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palenville, NY a good place to live?
Palenville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 990 and a median age of 45.2, the city appeals to established professionals and retirees.
How educated is Palenville, NY?
26.5% of residents in Palenville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Palenville?
Key cost-of-living indicators for Palenville, NY: median home value is $233,700 (5% below national), median rent is $1,002/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Palenville?
The poverty rate in Palenville, NY is 14.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Palenville, NY?
Palenville's population is 2.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.9% of residents are foreign-born.