Palm Valley, TX
Population 1,650 · Texas
About Palm Valley, TX
Palm Valley is a small town located in Texas with a population of 1,650 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,000 per year, which is 22% above the national median of $75,149. The median age of 47.3 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 Palm Valley features a median home value of $264,400, which is 8% above the national median of $244,900. This positions Palm Valley in a moderately priced market relative to the rest of the country. Median monthly rent is $1,225, 5% above the national average of $1,163/month. Of the 719 total housing units, 77% are owner-occupied (502 units) and 23% are renter-occupied (154 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palm Valley shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palm Valley have an average one-way commute time of 20.8 minutes.
Education & Demographics
40.8% of Palm Valley 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 40.5% White, 2.9% Hispanic or Latino, 0.1% Black or African American, and 2.8% Asian residents, with 14.4% of the population being foreign-born.
Cost of Living in Palm Valley, TX
Compared to national averages, Palm Valley has a median household income of $92,000 (22% above the national median of $75,149). Home values average $264,400, which is 8% above the national median. Monthly rent at $1,225 is 5% above the US average of $1,163. Within Texas, Palm Valley's income is 27% above the state average of $72,726, and home values are 25% above the state median of $211,769.
Why Live in Palm Valley, TX?
Palm Valley offers a strong local economy with a median household income of $92,000, well above the national average, and a well-educated community where 40.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average. Additionally, the city features short commute times averaging just 20.8 minutes.
Palm Valley has a population of 1,650 with a median age of 47.3 years. Compare Palm Valley with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Palm Valley
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Poth | 1,646 | $72,961 | $194,700 | Compare |
| Forest Heights | 1,644 | $48,523 | $112,400 | Compare |
| Carter | 1,642 | $80,114 | $237,300 | Compare |
| Hawkins | 1,664 | $70,580 | $94,800 | Compare |
| Seadrift | 1,664 | $61,339 | $115,900 | Compare |
| Beverly Hills | 1,631 | $50,515 | $116,500 | Compare |
| Southside Place | 1,631 | $193,021 | $1,702,600 | Compare |
| Holliday | 1,670 | $64,181 | $144,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palm Valley With Other Cities
Frequently Asked Questions about Palm Valley
What is the population of Palm Valley, TX?
The population of Palm Valley, TX is 1,650 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Palm Valley?
The median household income in Palm Valley, TX is $92,000 per year, which is 22% above the national median of $75,149.
What is the median home value in Palm Valley?
The median home value in Palm Valley, TX is $264,400, which is 8% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palm Valley?
The median monthly rent in Palm Valley, TX is $1,225, which is 5% above the national average of $1,163/month.
What is the unemployment rate in Palm Valley?
The unemployment rate in Palm Valley, TX is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palm Valley, TX a good place to live?
Palm Valley offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,650 and a median age of 47.3, the city appeals to established professionals and retirees.
How educated is Palm Valley, TX?
40.8% of residents in Palm Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Palm Valley?
Key cost-of-living indicators for Palm Valley, TX: median home value is $264,400 (8% above national), median rent is $1,225/month, and median household income is $92,000. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palm Valley?
The poverty rate in Palm Valley, TX is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palm Valley, TX?
Palm Valley's population is 40.5% White, 2.9% Hispanic or Latino, 0.1% Black or African American, 2.8% Asian, and 0.0% two or more races. 14.4% of residents are foreign-born.