Explore available listings and evaluate market performance.
Palmetto, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,415
Monthly Cash Flow
$256
Principal + Equity
$2,349
Annual Total Gain
$31,265
Cash on Cash
3.5%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$204
Occupancy Rate
66.67%
Monthly Revenue
$2,630
Monthly Cash Flow
$77
Principal + Equity
$2,349
Annual Total Gain
$29,115
Cash on Cash %
1.05%
Net ROI %
Market Health & Growth
Median Income
$61,538
Population
13,449
LTR Renter %
32.05%
Forecast (1 yr)
-0.1%
Appreciation (1 yr)
-7.28%
Appreciation (5 yr)
38.97%
Appreciation (10 yr)
98.5%
Job Growth
9.65%
LTR Rentability
High
STR Demand
64
STR Rentals
237
Top Public Schools
AState College of Florida Collegiate School - Bradenton
BPalmetto Charter School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Retire in Florida
#269out of 660 markets
Most Diverse Places to Live in Florida
#458out of 1195 markets
Places with the Lowest Cost of Living in Florida
#376out of 1193 markets
C
Public School
C-
Crime And Safety
C
Housing
C
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Palmetto, FL.
In Palmetto, FL, short term rentals are regulated by the city's zoning and land development regulations. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning Restrictions: Palmetto has specific zoning regulations that dictate where short term rentals are allowed within the city. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing and Permitting: Short term rental properties in Palmetto are required to obtain a business tax receipt and a short term rental permit from the city. Investors should be prepared to go through the application process and pay any associated fees in order to legally operate a short term rental property.
3. Occupancy Limits: Palmetto has occupancy limits for short term rental properties, which may vary depending on the size of the property and the zoning district. Investors should be aware of these limits and ensure that they are in compliance with the regulations.
4. Noise and Nuisance Regulations: Palmetto has noise and nuisance regulations that apply to short term rental properties. Investors should be mindful of these regulations and take steps to ensure that their guests are respectful of the surrounding community.
5. Taxation: Short term rental properties in Palmetto are subject to local tourism development taxes and sales taxes. Investors should be aware of their tax obligations and ensure that they are collecting and remitting the appropriate taxes to the city.
Overall, investors looking to purchase a property for short term rental purposes in Palmetto, FL should familiarize themselves with the city's regulations and ensure that they are in compliance in order to avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Palmetto, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Palmetto, FL.
The LTR Genie Score of Palmetto, FL is 70 and STR Genie Score is 70, indicating a high level of rentability for both long-term and short-term rental investments. The LTR Rent Growth Rate of 0.0673% suggests a steady increase in rental prices over time, contributing to a healthy LTR Net ROI of 35.56%. The STR Net ROI of 33.12% is also favorable, with a strong STR Occupancy rate of 66.67% and STR Revenue of 2630. However, the 1-Year Price Appreciation Forecast of -0.1% may indicate a slight decline in property values in the near future.
The high LTR and STR Genie Scores can be attributed to the consistent rental growth rates, high occupancy rates, and strong returns on investment in Palmetto, FL. The market seems to be attractive for both long-term and short-term rental investments, offering opportunities for investors to capitalize on the rental demand in the area.
Palmetto, FL is a growing city located in Manatee County, known for its beautiful waterfront views, historic downtown area, and proximity to popular attractions like the Gulf beaches and Sarasota. The city's diverse economy and strong rental market make it an appealing destination for real estate investors looking to expand their portfolio in a thriving market.
LTR Genie Score 81
$170,000
🛏 2 Beds🛁 2.0000 Baths🏙 936 sqft.🏠 CONDO
2320 Terra Ceia Bay Blvd UNIT 406, Palmetto, FL 34221
