Palmhurst, TX
Population 2,595 · Texas
About Palmhurst, TX
Palmhurst is a small town located in Texas with a population of 2,595 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,629 per year, which is 10% above the national median of $75,149. The median age of 31.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Palmhurst features a median home value of $266,700, which is 9% above the national median of $244,900. This positions Palmhurst in a moderately priced market relative to the rest of the country. Median monthly rent is $816, 30% below the national average of $1,163/month. Of the 928 total housing units, 82% are owner-occupied (664 units) and 18% are renter-occupied (147 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palmhurst shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palmhurst have an average one-way commute time of 19.2 minutes, one of the shorter commutes in the region.
Education & Demographics
40.6% of Palmhurst 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 75.9% White, 1.1% Hispanic or Latino, 0.2% Black or African American, and 2.1% Asian residents, with 13.1% of the population being foreign-born.
Cost of Living in Palmhurst, TX
Compared to national averages, Palmhurst has a median household income of $82,629 (10% above the national median of $75,149). Home values average $266,700, which is 9% above the national median. Monthly rent at $816 is 30% below the US average of $1,163. Within Texas, Palmhurst's income is 14% above the state average of $72,726, and home values are 26% above the state median of $211,769.
Why Live in Palmhurst, TX?
Palmhurst offers a strong local economy with a median household income of $82,629, well above the national average, and rent that’s lower than the national average at $816/month, and a well-educated community where 40.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.9%, better than the national average, and short commute times averaging just 19.2 minutes.
Palmhurst has a population of 2,595 with a median age of 31.9 years. Compare Palmhurst with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Palmhurst
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Caddo Mills | 2,589 | $75,385 | $247,400 | Compare |
| Jarrell | 2,589 | $101,653 | $311,100 | Compare |
| Seymour | 2,607 | $38,984 | $90,000 | Compare |
| Wild Peach Village | 2,580 | $71,349 | $189,200 | Compare |
| The Hills | 2,579 | $178,194 | $778,100 | Compare |
| Panhandle | 2,613 | $86,354 | $151,800 | Compare |
| Floydada | 2,618 | $45,848 | $83,400 | Compare |
| Westworth Village | 2,618 | $90,750 | $330,000 | 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 Palmhurst With Other Cities
Frequently Asked Questions about Palmhurst
What is the population of Palmhurst, TX?
The population of Palmhurst, TX is 2,595 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 Palmhurst?
The median household income in Palmhurst, TX is $82,629 per year, which is 10% above the national median of $75,149.
What is the median home value in Palmhurst?
The median home value in Palmhurst, TX is $266,700, which is 9% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palmhurst?
The median monthly rent in Palmhurst, TX is $816, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Palmhurst?
The unemployment rate in Palmhurst, TX is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palmhurst, TX a good place to live?
Palmhurst offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,595 and a median age of 31.9, the city appeals to young professionals and families.
How educated is Palmhurst, TX?
40.6% of residents in Palmhurst 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 Palmhurst?
Key cost-of-living indicators for Palmhurst, TX: median home value is $266,700 (9% above national), median rent is $816/month, and median household income is $82,629. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palmhurst?
The poverty rate in Palmhurst, TX is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palmhurst, TX?
Palmhurst's population is 75.9% White, 1.1% Hispanic or Latino, 0.2% Black or African American, 2.1% Asian, and 0.6% two or more races. 13.1% of residents are foreign-born.