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Palermo, CA Home Values and Rents
The typical home value in Palermo is $240,480, 924th highest of 1,044 cities and towns in California. Median rent is $1,135 a month.
- Typical home value
- $240,480
- 924th of 1,044 in CA
- Median rent
- $1,135/mo
- ACS 2020-2024
- Price change, 1 year
- -3.0%
- Sep 2026
- Homeownership
- 68.7%
- CA: 55.9%
Home sale prices in the Chico, CA area
Zillow median sale price, Sep 2026
$383,029-3.0% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Palermo
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Palermo |
|---|---|
| Sep 2026 | $240,480 |
| Dec 2025 | $247,573 |
| Dec 2024 | $244,572 |
| Dec 2023 | $247,664 |
| Dec 2022 | $280,373 |
| Dec 2021 | $266,759 |
| Dec 2020 | $248,814 |
| Dec 2019 | $231,232 |
| Dec 2018 | $195,693 |
| Dec 2017 | $185,154 |
| Dec 2016 | $165,338 |
| Dec 2015 | $152,851 |
| Dec 2014 | $139,437 |
| Dec 2013 | $129,484 |
| Dec 2012 | $110,755 |
Over five years, Palermo prices changed -10.7%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with California
- Median home value
- $283,000 · CA $734,700
- Median gross rent
- $1,135/mo · CA $2,036
- Home value to income
- 5.6 times the median household income ($50,588)
- Rent to income
- A year of median rent equals 27% of median household income
- Owner-occupied
- 68.7% of 2,066 households
- Housing units
- 2,376
- Vacancy rate
- 13.0%
- Median year built
- 1979
Fair Market Rents, FY2027
HUD rent standard for Chico, CA MSA
| Unit size | Monthly rent |
|---|---|
| Studio | $1,064 |
| 1 bedroom | $1,190 |
| 2 bedrooms | $1,509 |
| 3 bedrooms | $2,090 |
| 4 bedrooms | $2,522 |
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
Frequently asked questions
- What is the typical home value in Palermo, CA?
- The typical home value in Palermo is $240,480 (Zillow Home Value Index, Sep 2026). The California median is $734,700.
- How much is rent in Palermo?
- The median rent in Palermo is $1,135 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,509.
- Are home prices going up in Palermo?
- The typical home value in Palermo changed -3.0% over one year and -10.7% over five years, as of Sep 2026.
- How does Palermo compare with the rest of California?
- Palermo has the 924th highest median home value of 1,044 cities and towns with 1,000+ residents in California.
- Which ZIP code in Palermo has the highest home values?
- ZIP code 95966 has the highest median home value at $333,100, and 95968 has the lowest at -.