The Most Affordable Neighborhoods in Palmer, Newport News, VA by Home Value

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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 $153,752, lower than the Newport News average of $197,836.

The average cost of rent is $1,594/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 28.14% of residents own their homes outright in Palmer, 54.67% rent.

Housing affordability isn’t just about home prices, though. The average household income in Palmer is $5,223 per month. Households that rent pay about 30.51% of their income on rent here. Palmer's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the neighborhood.

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