HomeFloridaManatee CountyPalmetto city
Palmetto city, Florida: commercial real estate data.
Palmetto city is a Census city of 13,588 people across 5.37 square miles of land, in Manatee County. Median household income is $62,621, 68.8 percent of occupied homes are owned, and the SBA record carries 61 7(a) approvals to borrowers here worth $48.9 m.
82 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Palmetto
What Palmetto is
- Census place typecity
- Land area5.37 sq mi
- Water area0.48 sq mi
- Population per square mile of land2,533
- County holding the largest share of its areaManatee County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto
How many people live in Palmetto
- Population13,588
- Median age49.8
- Population under 182,732
- Share under 1820.1 percent
- Population 65 and over4,072
- Share 65 and over30.0 percent
- Households5,274
- Family households3,473
- Share of households that are families65.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto
Income and work in Palmetto
- Median household income$62,621
- Per capita income$39,890
- Civilian labor force5,853
- Employed5,703
- Unemployed150 plus or minus 69
- Unemployment rate2.6 percent plus or minus 1.2
- Adults 25 and over9,794
- Adults 25 and over with a high school diploma or higher87.1 percent
- Adults 25 and over with a bachelor degree or higher28.1 percent
- Adults 25 and over with a graduate degree8.1 percent plus or minus 1.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto
Housing in Palmetto
- Housing units7,113
- Occupied units5,274
- Vacant units1,839
- Vacancy rate25.9 percent
- Owner occupied3,629
- Renter occupied1,645
- Ownership rate68.8 percent
- Median owner-occupied home value$313,400
- Median gross rent, monthly$1,366
- Annual rent as a share of median income26.2 percent
- Single family units2,794
- Share single family39.3 percent
- Units in buildings of two or more2,096
- Share in buildings of two or more29.5 percent
- Mobile homes2,205
- Median year structure built1983
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto
How Palmetto gets to work
- Workers 16 and over who commute5,042
- Commuting under 15 minutes1,368 plus or minus 307
- Share commuting under 15 minutes27.1 percent plus or minus 5.7
- Commuting 30 minutes or more2,054
- Share commuting 30 minutes or more40.7 percent
- Drove alone72.4 percent
- Carpooled12.9 percent plus or minus 4.2
- Public transport0.4 percent plus or minus 0.2
- Walked2.9 percent plus or minus 2.1
- Worked from home11.0 percent plus or minus 4.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmetto
SBA loans in Palmetto (7(a))
- Approvals61
- Gross approval$48,856,700
- Average approval$800,930
- Median approval$431,000
- Ninetieth percentile approval$1,714,000
- Largest approval$5,000,000
- Jobs supported955
- Jobs per approval15.7
- Loans with a final outcome10
- Paid in full9
- Charged off1
- Charge-off rate over resolved loans10.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more14.8 percent
- Share to franchises9.8 percent
- Distinct lenders34
- Distinct industries by NAICS43
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palmetto
SBA loans in Palmetto (504)
- Approvals18
- Gross approval$23,180,000
- Average approval$1,287,778
- Median approval$989,000
- Largest approval$4,999,000
- Jobs supported177
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Palmetto
Flood risk in Palmetto
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 8
- NFIP community number120159
- Currently effective map date08/10/21
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Manatee County, not Palmetto
Manatee County context, not Palmetto figures
These are Manatee County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Palmetto measurements.
- Establishments in Manatee County11,176
- Employment at those establishments, Manatee County121,840
- Covered employment, Manatee County143,894
- Average annual pay, Manatee County$60,844
- Average weekly wage, Manatee County$1,170
- Housing units permitted, Manatee County7,472
- Of those, single family, Manatee County5,630
- County product, 2024, Manatee County$26,347,982,000
- County product change over the prior year, Manatee County7.3 percent
- Average income of an arriving household, Manatee County$131,103
Every figure in this section is published for Manatee County as a whole and is not a measurement of Palmetto. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Palmetto questions, answered from the record.
How many people live in Palmetto, Florida?
13,588, in 5,274 households. Palmetto city covers 5.37 square miles of land, which is 2,533 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Palmetto in?
Manatee County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Palmetto?
$62,621. The median owner-occupied home is valued at $313,400. Median gross rent is $1,366 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Palmetto businesses?
61 7(a) approvals totalling $48.9 m, across 34 lenders, median approval $431,000, plus 18 504 approvals worth $23.2 m. These count approvals to borrowers whose address is in Palmetto, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Palmetto borrowers get paid back?
Of the 10 loans that have reached a final outcome, 9 were paid in full and 1 charged off, a charge off rate of 10.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Palmetto in the National Flood Insurance Program?
Yes. Palmetto appears in the FEMA Community Status Book as community 120159, carrying Community Rating System class 8, which is a premium discount for exceeding the programme minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Palmetto figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Manatee County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Palmetto.
Is zoning published for Palmetto?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.