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 $251,200, lower than the Massachusetts average of $477,554.
The average cost of rent is $822/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 28.87% of residents own their homes outright in Palmer, 15.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $6,505 per month. Households that rent pay about 12.64% of their income on rent here. Palmer's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Palmer Town, MA: less expensive homes
- Tennyville, MA: equally priced homes
- Bondsville, MA: equally priced homes
- West Warren, MA: equally priced homes
- Monson, MA: equally priced homes
- Ware, MA: less expensive homes
- Warren, MA: equally priced homes
- Wilbraham, MA: higher priced homes
- Brimfield, MA: higher priced homes
- Ludlow, MA: equally priced homes
Cities with Similar Populations
- Sailor Springs, IL: less expensive homes
- Logansport, KY: less expensive homes
- Logansport, WV: less expensive homes
- Lone Cedar, TX: less expensive homes
- Lone Elm, MO: less expensive homes
- Long Island, KS: less expensive homes
- Long Island, ME: higher priced homes
- Longdale, VA: less expensive homes
- Longino, MS: less expensive homes
- Lorah, IA: less expensive homes
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