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 $123,152, higher than the Puerto Rico average of $121,319.
The average cost of rent is $716/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 64.74% of residents own their homes outright in Palmer, 26.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $1,945 per month. Households that rent pay about 36.80% of their income on rent here. Palmer's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Luquillo, PR: equally priced homes
- Rio Grande, PR: less expensive homes
- Loiza, PR: less expensive homes
- Canovanas, PR: equally priced homes
- Puerto Real, PR: less expensive homes
- Duque, PR: less expensive homes
- Fajardo, PR: higher priced homes
- Ceiba, PR: less expensive homes
- Naguabo, PR: less expensive homes
- Roosevelt Roads Naval Station, PR: higher priced homes
Cities with Similar Populations
- Lamesa, TX: less expensive homes
- Lago Vista, TX: higher priced homes
- Lagrange, IN: higher priced homes
- Lake Alfred, FL: equally priced homes
- Lake Bluff, IL: higher priced homes
- Lake Dallas, TX: higher priced homes
- Lake Hopatcong, NJ: higher priced homes
- Lake Mills, WI: higher priced homes
- Lake Mohawk, NJ: higher priced homes
- Lake of the Woods, VA: higher priced homes
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