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Palm Terrace, Gainesville Homes For Sale & Real Estate

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United StatesFloridaGainesvillePalm Terrace

Palm Terrace Real Estate Insights

Palm Terrace is located in Gainesville, Florida.

Public records show that Palm Terrace is a safe place with little crime. Nature lovers are sure to appreciate this neighborhood's fabulous tree canopy coverage. You shouldn't be surprised to meet your next door neighbor riding their bike to work since this neighborhood has one of the most active biking communities in the area.

Palm Terrace has a large number of homes that are not owner-occupied and many of them have been updated to meet rental property standards. This vicinity seems to have a great attraction to graduates because many of the people living in this area have a college degree. If you're young and want to live near to others like you, then this neighborhood, with its low median age of residents, could be a good choice. The numbers state that the people who live in Palm Terrace have incomes that are lower than normal.

In Palm Terrace, the average listing price is currently at $281,250 this year. However, this figure represents a noticeable 6.8 percent drop from the year prior, and declining prices could help new buyers enter the market more comfortably in the near future. During the same period, the number of homes on the market significantly grew 50 percent to 3 listings, allowing buyers a much larger scope of options during their searches.