Palo, Iowa: commercial real estate data.
Palo is a Census city of 1,438 people across 1.20 square miles of land, in Linn County. Median household income is $106,375, 97.5 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $185,600 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Palo
What Palo is
- Census place typecity
- Land area1.2 sq mi
- Water area0 sq mi
- Population per square mile of land1,201
- County holding the largest share of its areaLinn 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.
Palo
How many people live in Palo
- Population1,438
- Median age32.7
- Population under 18508
- Share under 1835.3 percent
- Population 65 and over102 plus or minus 41
- Share 65 and over7.1 percent plus or minus 2.5
- Households476
- Family households372
- Share of households that are families78.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palo
Income and work in Palo
- Median household income$106,375
- Per capita income$40,829
- Civilian labor force821
- Employed805
- Unemployed16 plus or minus 13
- Unemployment rate1.9 percent plus or minus 1.5
- Adults 25 and over881
- Adults 25 and over with a high school diploma or higher98.2 percent plus or minus 22.0
- Adults 25 and over with a bachelor degree or higher27.2 percent plus or minus 5.4
- Adults 25 and over with a graduate degree5.2 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palo
Housing in Palo
- Housing units484
- Occupied units476
- Vacant units8 plus or minus 14
- Vacancy rate1.7 percent plus or minus 2.9
- Owner occupied464
- Renter occupied12 plus or minus 9
- Ownership rate97.5 percent
- Median owner-occupied home value$282,400
- Median gross rent, monthly$717 plus or minus $557
- Annual rent as a share of median income8.1 percent plus or minus 6.4
- Single family units475
- Share single family98.1 percent
- Units in buildings of two or more7 plus or minus 12
- Share in buildings of two or more1.4 percent plus or minus 2.4
- Mobile homes2 plus or minus 4
- Median year structure built2006
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palo
How Palo gets to work
- Workers 16 and over who commute679
- Commuting under 15 minutes51 plus or minus 26
- Share commuting under 15 minutes7.5 percent plus or minus 3.5
- Commuting 30 minutes or more208 plus or minus 65
- Share commuting 30 minutes or more30.6 percent plus or minus 7.6
- Drove alone79.5 percent
- Carpooled3.8 percent plus or minus 2.7
- Public transport0.0 percent
- Walked0.4 percent plus or minus 0.5
- Worked from home14.6 percent plus or minus 5.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palo
SBA loans in Palo (7(a))
- Approvals2
- Gross approval$185,600
- Average approval$92,800
- Median approval$92,800
- Largest approval$165,600
- Jobs supported19
- Jobs per approval9.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term78 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Palo, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palo
Flood risk in Palo
- NFIP communityCity of Palo
- NFIP community number190442
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date05/22/24
The City of Palo participates in the National Flood Insurance Program as community 190442 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Linn County, not Palo
Linn County context, not Palo figures
- Establishments in Linn County5,744
- Covered employment, Linn County125,917
- Average annual pay, Linn County$67,613
- Housing units permitted, Linn County1,024
Every figure in this section is published for Linn County as a whole and is not a measurement of Palo.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Palo questions, answered from the record.
How many people live in Palo, Iowa?
1,438, in 476 households. Palo city covers 1.20 square miles of land, which is 1,201 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Palo in?
Linn 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 Palo?
$106,375. The median owner-occupied home is valued at $282,400. Median gross rent is $717 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Palo businesses?
2 7(a) approvals totaling $185,600 since FY2020, across 2 lenders, median approval $92,800. These count approvals to borrowers whose address is in Palo, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Palo borrowers get paid back?
No rate is published for Palo. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Palo in the National Flood Insurance Program?
Yes. Palo appears in the FEMA Community Status Book as Palo, city of, community 190442, with no Community Rating System class, so no CRS discount applies. 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 Palo figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Linn 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 Palo.
Is zoning published for Palo?
No. Nothing on this page presents parcel level zoning.