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These days, finding an affordable place to live in the Palmer Town area can be challenging. Home prices in Palmer Town are now at a median cost of $250,732, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,092/mo in Palmer Town, primarily driven by the current value of real estate in the Palmer Town area. In Palmer Town, 28.41% of households rent, and 36.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmer Town is $6,800 per month. Households that rent pay about 16.06% of their income on rent here. Palmer Town’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Palmer, MA: higher priced homes
- Tennyville, MA: higher priced homes
- Bondsville, MA: higher priced homes
- West Warren, MA: higher priced homes
- Monson, MA: higher priced homes
- Wilbraham, MA: higher priced homes
- Ware, MA: higher priced homes
- Ludlow, MA: higher priced homes
- Warren, MA: higher priced homes
- Brimfield, MA: higher priced homes
Cities with Similar Populations
- Manning, SC: less expensive homes
- River Edge, NJ: higher priced homes
- Ringwood, NJ: higher priced homes
- Ridgefield Park, NJ: higher priced homes
- Ridgefield, NJ: higher priced homes
- Richton Park, IL: less expensive homes
- Richmond Heights, OH: less expensive homes
- Rehoboth, MA: higher priced homes
- Reedsburg, WI: equally priced homes
- Redlands, CO: higher priced homes
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