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 $85,798, lower than the Michigan average of $196,062.
The average cost of rent is $578/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 47.66% of residents own their homes outright in Palmer, 17.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $4,858 per month. Households that rent pay about 11.90% of their income on rent here. Palmer's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Negaunee, MI: higher priced homes
- Ishpeming, MI: higher priced homes
- Sands, MI: higher priced homes
- North Lake, MI: higher priced homes
- Harvey, MI: higher priced homes
- Trowbridge Park, MI: higher priced homes
- Princeton, MI: higher priced homes
- National Mine, MI: higher priced homes
- Marquette, MI: higher priced homes
- Gwinn, MI: higher priced homes
Cities with Similar Populations
- Sugar Bush, WI: higher priced homes
- Gould, AR: less expensive homes
- Gravestown, MS: higher priced homes
- Hartstown, PA: higher priced homes
- Hawks, MI: higher priced homes
- Spraggs, PA: higher priced homes
- St. Lucie Village, FL: higher priced homes
- St. Wendel, MN: higher priced homes
- Stevenson, MD: higher priced homes
- Stewart, MS: higher priced homes
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