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Affordable
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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 $274,698, lower than the Texas average of $322,096.
The average cost of rent is $1,556/mo in Palmer, primarily driven by the current value of real estate in the Palmer area. In Palmer, 12.65% of households rent, and 46.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmer is $8,748 per month. Households that rent pay about 17.79% of their income on rent here. Palmer’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ike, TX: higher priced homes
- Bristol, TX: higher priced homes
- Garrett, TX: higher priced homes
- Ferris, TX: less expensive homes
- Crisp, TX: higher priced homes
- Pecan Hill, TX: higher priced homes
- India, TX: higher priced homes
- Ennis, TX: equally priced homes
- Red Oak, TX: higher priced homes
- Waxahachie, TX: higher priced homes
Cities with Similar Populations
- Indian Hills, NV: higher priced homes
- Lakehills, TX: equally priced homes
- Lake Delton, WI: less expensive homes
- Iva, SC: less expensive homes
- Ironwood, MI: less expensive homes
- Ione, CA: higher priced homes
- Interlochen, MI: equally priced homes
- Ingram, TX: higher priced homes
- Indian River Estates, FL: higher priced homes
- Larned, KS: less expensive homes
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