Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Palmer area can be challenging. Home prices in Palmer are now at a median cost of $271,843, higher than the Alaska average of $254,370.
The average cost of rent is $1,259/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 35.46% of residents own their homes outright in Palmer, 19.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $7,180 per month. Households that rent pay about 17.54% of their income on rent here. Palmer's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Gateway, AK: higher priced homes
- Lazy Mountain, AK: equally priced homes
- Buffalo Soapstone, AK: equally priced homes
- Lakes, AK: equally priced homes
- Wasilla, AK: higher priced homes
- Tanaina, AK: equally priced homes
- Eska, AK: less expensive homes
- Knik-Fairview, AK: equally priced homes
- Meadow Lakes, AK: less expensive homes
- Chugiak, AK: higher priced homes
Cities with Similar Populations
- Rio Rico, AZ: less expensive homes
- Jasper, IN: less expensive homes
- Jenkintown, PA: higher priced homes
- La Crescenta-Montrose, CA: higher priced homes
- Lajas, PR: less expensive homes
- Lake Forest, IL: higher priced homes
- Lebanon, IN: less expensive homes
- Ludlow, MA: equally priced homes
- Pennsauken, NJ: less expensive homes
- Powhatan, VA: higher priced homes
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