Expensive
Affordable
Affordable
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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 $136,296, lower than the Illinois average of $300,242.
The average cost of rent is $656/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. In Palmer, 10.92% of households rent, and 51.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $6,879 per month. Households that rent pay about 9.54% of their income on rent here. Palmer’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morrisonville, IL: less expensive homes
- Jeiseyville, IL: less expensive homes
- Jeisyville, IL: less expensive homes
- Taylorville, IL: equally priced homes
- Kincaid, IL: less expensive homes
- Owaneco, IL: equally priced homes
- Tovey, IL: less expensive homes
- Bulpitt, IL: less expensive homes
- Wenonah, IL: less expensive homes
- Sicily, IL: less expensive homes
Cities with Similar Populations
- Hilldale, WV: equally priced homes
- Houston Acres, KY: higher priced homes
- Hopkins Park, IL: less expensive homes
- Hootentown, NC: higher priced homes
- Honokowai, HI: higher priced homes
- Holden, UT: higher priced homes
- Hodgen, OK: higher priced homes
- Hobson, MO: higher priced homes
- Hitchcox, TN: higher priced homes
- Hiltonia, GA: less expensive homes
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