Moving to Palmetto, Florida: The 2026 Data Guide
As of 2026-09-13, the median home sold in Palmetto, Florida over the last 12 months went for $386,000 (244 closings across 19 communities in Momentum’s MLS record), about $191 per square foot for a median 2,045-sq-ft home built around 2007. Homes currently listed have been on the market a median of 45 days, and with 98 active listings against that sales pace the city is carrying roughly 4.8 months of supply. Sellers have been getting about 98% of their original asking price. That median is 4% below the median across Momentum’s Florida and Georgia coverage.
What your budget buys in Palmetto
Three price points from 114 recent Palmetto closings in our record, each showing what actually closed within 10% of that price:
- Around $386,000: the typical sale in this band was a 4-bed, 2-bath home of about 1,942 sq ft, built around 2025 (30 sales).
- Around $420,000: the typical sale in this band was a 4-bed, 2.5-bath home of about 2,164 sq ft, built around 2025 (25 sales).
The real monthly cost of owning in Palmetto
Take the median $386,000 home with 20% down at today’s 6.76% 30-year rate: principal and interest run about $2,005/month. Manatee County’s typical total millage is 17.29 mills, so after the $50,000 homestead exemption the property tax is roughly $5,810/year ($484/month) for a new owner — the seller’s capped bill on the listing will be lower and is not your number. Citizens Property Insurance’s average premium in Manatee County is about $2,019/year; private-market quotes vary with roof age and wind mitigation. 84% of current Palmetto listings carry an HOA, with a median of $120/month where one applies. All in, budget on the order of $2,777/month to own the median Palmetto home including a typical HOA.
For the full worksheet — taxes by scenario, the homestead exemption, and how the Save Our Homes cap works after year one — see the Manatee County property tax guide and our home insurance by county map.
Where people are buying: Palmetto’s most active communities
The communities with the most closings in the last 12 months, with each one’s median sale and how long its current listings have been on the market. Every name links to that community’s own guide with live listings.
| Community | Sales (12 mo) | Median | Days listed |
|---|---|---|---|
| Silverstone North | 104 | $385,995 | 45 |
| Coasterra | 28 | $390,000 | 85 |
| Tropic Isles | 23 | $180,000 | 73 |
| Shadow Brook | 22 | $146,500 | 36 |
| Mangrove Point | 19 | $313,990 | 16 |
| Stonegate Preserve Townhomes | 13 | $249,900 | 10 |
| Bel Mare at Riviera Dunes | 8 | $587,000 | 57 |
| Palmetto Estates | 7 | $310,000 | 18 |
Palmetto by ZIP code
Sales and medians by ZIP over the same 12 months: 34221 (90 sales, median $354,500), 32822 (12 sales, median $147,000).
What’s for sale: property types, new construction, and age of homes
Of the last 12 months of sales, 51% were single-family homes, 6% townhomes or villas, and 24% condos. New construction accounted for 67% of closings, led by Silverstone North, Coasterra, Mangrove Point, Stonegate Preserve Townhomes. The housing stock skews newer: 45% of homes sold were built in 2015 or later and 17% before 1980.
Getting around from Palmetto
Measured from the center of Palmetto’s recent sales: Sarasota is about 16 miles; Downtown Tampa is about 26 miles; Tampa International Airport (TPA) is about 28 miles; Lakeland is about 47 miles. Distances are straight-line; drive times depend on the corridor and time of day.
Schools, taxes, and insurance: where to verify
School assignments change; check the Manatee County school grades page for the district’s current grades, and confirm zoning for a specific address directly with the district. Property tax figures on this page use Manatee County’s typical millage of 17.29; municipal and special-district millage varies inside the county. Insurance uses Citizens’ Manatee County average of $2,019/year; a wind-mitigation inspection and roof age can move a private quote a long way in either direction.
Palmetto: the case for and against
What works in Palmetto’s favor
- 67% of sales are new construction, so builder incentives and warranties are part of the market
- insurance is comparatively manageable here (Citizens average $2,019/year)
- no state income tax, and Florida’s Save Our Homes cap limits assessment growth once you homestead
What to plan for
- 84% of listings carry an HOA (median $120/month)
- property taxes reset to your purchase price, so never budget off the seller’s bill
Your Palmetto relocation toolkit
Common questions about moving to Palmetto
How much does a house cost in Palmetto, FL?
What does it cost per month to own a home in Palmetto?
What are property taxes like in Palmetto?
Is Palmetto a buyer's or seller's market right now?
Is there a lot of new construction in Palmetto?
Does Florida have a state income tax?
Sales figures are Momentum Realty’s MLS record of closings in Palmetto communities over the trailing 12 months (community snapshots as of their last refresh; price-band examples from the most recent closings on file); tax and insurance figures are Manatee County data. Estimates, not guarantees; verify before relying on them. General relocation guidance, not financial advice. Equal Housing Opportunity.