Palmer, AK has a higher median housing value than the US overall median housing value, with the median value in Palmer being $351,300. Additionally, over the past year the house appreciation rate in Palmer has been 11.27%, which is higher than the US 1 year house appreciation of 8.27%. This shows that Palmer is an area with desirable housing and a good housing market for potential buyers.
The median home cost in Palmer is $351,300. Home appreciation the last 10 years has been 60.6%. Home Appreciation in Palmer is up 14.0%.
Average Age of Homes
- The median age of Palmer real estate is 29 years old
The Rental Market in Palmer
- Renters make up 38.7% of the Palmer population
- 2.2% of houses and apartments in Palmer, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.