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    AI-Generated Neighborhood Summary

    Location and Amenities

    Palmetto is located in Manatee County, Florida, along the Gulf Coast. It's known for its small-town charm and proximity to major cities like Bradenton and Sarasota. The area boasts several amenities, including the Palmetto Historical Park, Emerson Point Preserve, and the Manatee River. Residents have access to grocery stores, restaurants, and local shops. Schools in the area are part of the Manatee County School District, which offers a mix of highly-rated and average-rated schools. Nearby cities provide further educational options and shopping centers.

    Crime Rate and Economic Information

    The crime rate in Palmetto is generally considered lower than the national average, with some neighborhoods experiencing higher safety levels. The average household income varies, with some areas reflecting modest income levels while others are more affluent. The nearby city of Bradenton typically shows a similar economic profile. Job growth in the region has been positive, driven by sectors like healthcare, retail, and tourism, making it a favorable place for employment opportunities.

    Living and Nearby Neighborhoods

    Palmetto offers a pleasant living environment with a mix of suburban and rural areas. The community is close to various attractions such as the Gamble Plantation Historic State Park and the Cortez Fishing Village. With a range of parks, recreational facilities, and cultural sites, Palmetto is appealing for families and retirees alike. Its proximity to Sarasota and Tampa provides additional access to urban amenities and employment options, making it a well-connected and attractive place to live.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Unlock our premium report for a detailed neighborhood narrative that combines demographic, economic, and social indicators to give you a comprehensive understanding of this community.

    Median Home Price

    $112,600

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $50,023
    Nat'l Avg: $69,021

    Percent Under Poverty

    29%
    Nat'l Avg: 12%

    Median Contract Rent

    $876
    Nat'l Avg: $988

    Owners vs Renters

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    Vacant Housing Units

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    Unemployment Rate

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    College Degree

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    Dominant Race

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    Married-Couple Families

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    Owners Without Morgages

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    Mortgage ≥ 30% Income

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    Rent ≥ 30% Income

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    Non-US Citizens

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    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Sutton Park

    park

    Manatee Memorial Hospital

    hospital

    Publix Super Market

    grocery store

    Riverhouse Waterfront Restaurant

    restaurant

    Planet Fitness

    gym

    Sarasota-Bradenton International Airport

    international airport

    Palmetto Elementary School

    school

    Ellenton Premium Outlets

    shopping center

    Palmetto Police Department

    police station

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    Between 2022 and 2023, Palmetto's median household income increased by 10.7%, reaching $61,538.
    The median property value rose by 16.8% during the same period, reaching $256,700.
    In February 2025, the median sale price of homes was $347,450, a 10.7% decrease from the previous year.
    The average time on the market for homes increased to 57 days in February 2025, up from 33 days the previous year. These trends indicate a recent cooling in the housing market following a period of significant growth.

    Custom Narratives

    The median home sale price in Palmetto, FL, was $347,450 in February 2025, reflecting a 10.7% decrease from the previous year.
    The median household income in Palmetto increased by 10.7% to $61,538 in 2023, indicating economic growth.
    Palmetto's population reached 13,743 in 2025, with a median age of 52.8 years, highlighting an aging demographic.
    The homeownership rate in Palmetto was 67.9% in 2023, suggesting a stable housing market. These insights provide a comprehensive overview of Palmetto's current market trends and community attributes.

    Green Flags

    Beautiful waterfront views
    Pleasant climate year-round
    Close-knit community feel
    Access to outdoor activities and parks

    Red Flags

    Limited public transportation options
    Flooding risk due to low elevation
    High humidity levels
    Limited nightlife and entertainment options
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

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    Historical Flooding

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