How much does a mature palm tree cost? Here is looking at the estimates for young and mature trees, as well as factors that influence such prices.
Apart from the landscaping value they offer, palm trees have several other uses and are desirable plants to have around. Due to the growing interest in palm trees, we’ve decided to focus on the cost of palm trees.
How Much Are Palm Trees Worth?
This will guide the reader on the cost implications involved.
Also, several palm tree varieties or species are available and cost may differ based on type. This and several other details will be provided for your benefit.
By the end of this article, you should have a better idea of what’s involved when buying one or more palms.
Average Cost Of Fully-Grown Palm Trees & Growth Rates
Before settling for a palm tree of choice, one of the factors you’ll need to consider is the growth rate of palm trees.
The type of palm tree as well as its variety will determine how long it takes to attain maturity. Even when mature, a palm tree may not start producing fruit until after a few decades.
Palm trees will take between 4 to 7 years to reach maturity. However, this isn’t a given for all palm tree varieties. Some varieties take much longer to attain maturity.
An additional detail that may be interesting is that some varieties bear fruit within the same decade of reaching maturity while others take much longer.
How Much Do Palm Trees Cost?
The cost of palm trees is dependent on the variety you seek to purchase. Now, there’s a long list of these varieties. We’ve only included a few of the most popular varieties to give you an idea of costs.
These varieties include Areca Palms, Jelly Palms, Mexican Fan Palms, Coconut Palms, Christmas Palms, Princess Palms, and Cocos Plumosas.
Others include Bamboo Palms, Royal Palms, Spindle Palms, Solitaire Palms, Bottle Palms, Canary Island Date Palms, Triangle Palms, and Wild Date Palms.
All of these palm tree varieties come at various cost points. You’ll need to consider your preferred variety while considering the costs involved.
Areca palms aren’t only good for the outdoors but also for the indoors. These can be used for ornamental purposes at all stages of growth. In a five-gallon bucket, Areca palms will cost you anywhere from $30 on average.
This palm tree grows to about 20 feet high when fully mature.
This palm tree variety is known for its short appearance.
Such features are seen when it fully matures as it’s shorter compared to other palm tree varieties. The size determines the cost. So, you’re likely to pay anywhere from $140 to $600.
Mexican Fan Palms
The minimum cost for Mexican Fan palm trees starts at $40. These are among the tallest palm trees you’ll find and like most varieties, they add to the beauty of your surroundings.
Are you considering the best palm trees to use for your landscaping needs? Think coconut palm trees.
These palm trees are readily found in most nurseries and cost an average of $80 per foot. Coconut palms can also be placed indoors in their infancy.
These palm tree varieties also go by the name Miniature Royal palms. Prices are largely determined by the size, nursery, and time of year you purchase them. As such, you should expect to pay between $15 to $30 per plant.
Most mature princess palms grow to about 30 feet in height. When buying these trees in their infancy, the cost will be determined by the height at that moment. As a result, cost fluctuates around $60 to $80.
Price isn’t static when it comes to buying this palm tree variety. Where you get them determines how much you pay.
On average, Cocos Plumosas should cost about $180.
Bamboo palms are among the shortest palm tree varieties you can get. Prices normally fall anywhere from $25 to 50. Of course, the size at the time of purchase determines its cost.
Royal palms attain average heights of between 50 to 70 feet.
However, these can be used as indoor ornaments when young. Getting these palm tree varieties will cost you around $200 to $250. The taller it is, the more it costs.
If you’re looking for a distinct-looking palm tree to plant around your property, spindle palms fit the bill. These trees are known for their characteristic white trunks which bulge in the middle.
Spindle palms will cost around $100 to $150.
The cost of solitaire palms ranges from $50 to $100. One of its many benefits is the beauty it adds to your home. It doesn’t matter whether it’s placed indoors (when small) or outdoors. Your surroundings look more appealing.
If you’re seeking a palm tree that attains a much-limited height at maturity, bottle palms will serve the purpose.
Depending on the size at the time of purchase, it will cost you around $60 on average to get one.
Canary Island Date Palms
At different sizes, the Canary Island Date palms have varying price points. At about 12, 24, and 36 inches, it costs $15, $40, and $100 respectively. The price climbs as it grows.
This is among the few palm tree varieties that bear fruit, yet can be used as an ornamental plant.
A lot of people don’t have the patience to keep a palm tree whose maintenance demands are too frequent.
Triangle palms help you avoid this problem as they’re easy to maintain and cost around $250 on average.
Palm Tree Growth Process & Prices
All palm trees, irrespective of the species they belong to follow a definite growth or development pattern.
They start from the germination stage and move to the vertical growth stage. This progresses to the caliper growth, flowering stage, fruiting, and death.
Part of the things you may want to find out before making a purchase includes the size they reach in maturity. This gives you an idea of what to expect.
We’ve seen that the cost of palm trees is relative to their size at the point of purchase. Another factor affecting cost includes the nursery these trees are purchased from.
If you are purchasing matured trees, you can get these from any forest research institute near you.
It’s necessary to fully understand all aspects relating to the growth and development of your preferred species before selling your palm or making a purchase.