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 $103,700, lower than the Iowa average of $182,666.
The average cost of rent is $663/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 60.06% of residents own their homes outright in Palmer, 12.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $6,237 per month. Households that rent pay about 10.63% of their income on rent here. Palmer's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Manson, IA: higher priced homes
- Pomeroy, IA: less expensive homes
- Pocahontas, IA: equally priced homes
- Pioneer, IA: equally priced homes
- Gilmore City, IA: less expensive homes
- Barnum, IA: higher priced homes
- Rolfe, IA: less expensive homes
- Fonda, IA: less expensive homes
- Ware, IA: equally priced homes
- Richard, IA: equally priced homes
Cities with Similar Populations
- Kenoza Lake, NY: higher priced homes
- La Pointe, WI: higher priced homes
- La Paloma, TX: less expensive homes
- La Grange, TN: higher priced homes
- La Casita, TX: less expensive homes
- Kraemer, LA: higher priced homes
- Knoxlyn, PA: higher priced homes
- Knowlesville, NY: higher priced homes
- Knobtown, MS: less expensive homes
- Knighthood Village, IN: higher priced homes
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