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 $107,943, lower than the Tennessee average of $218,916.
The average cost of rent is $553/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. While nearly 66.65% of residents own their homes outright in Palmer, 11.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $3,602 per month. Households that rent pay about 15.35% of their income on rent here. Palmer's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Collins, TN: equally priced homes
- Gruetli-Laager, TN: higher priced homes
- Griffith Creek, TN: equally priced homes
- Daus, TN: higher priced homes
- Dogtown, TN: higher priced homes
- Beersheba Springs, TN: less expensive homes
- Cumberland Heights, TN: equally priced homes
- Cagle, TN: higher priced homes
- Coalmont, TN: less expensive homes
- Dunlap, TN: higher priced homes
Cities with Similar Populations
- Grand Coulee, WA: higher priced homes
- Spruce Pine, AL: equally priced homes
- South Windham, CT: higher priced homes
- Jamestown, SC: higher priced homes
- Hydes, MD: higher priced homes
- Hot Springs, VA: higher priced homes
- Hooper Hill, NC: less expensive homes
- Hartford, IL: less expensive homes
- Hart, TX: less expensive homes
- Hamel, IL: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood