Palo, MI

Palo is a small town in the Upper Peninsula of Michigan with a population of just over 1,000 people. The town is located on the banks of the Keweenaw Waterway and has been home to lumber mills and other manufacturing businesses for many years. In recent years, Palo has seen an increase in real estate activity as new homes and apartments have been built.

The real estate market in Palo is characterized by low vacancy rates and strong demand from buyers. The average home price in Palo was $128,000 in 2017, which is much higher than the average price for homes in the surrounding towns. However, Palo's high prices may be due to its proximity to major cities such as Marquette and Sault Ste Marie.

There are a number of factors that contribute to the strong demand for housing in Palo. First, the town is located close to major transportation hubs such as Interstate 94 and U.S. Highway 41. Second, there are a number of new homes and apartments being built in Palo each year, which helps to keep up with demand from buyers. Third, many people who live in Palo commute into nearby cities for work or school, which means that they are looking for an affordable place to live that is also close to their activities. Finally, Palo's small size makes it easy for buyers to get acquainted with all of the available properties without having to spend too much time searching.