The housing market in Palmer, IL is a great place to invest. The median value of houses in the town is $94,500, significantly lower than the US house median value of $338,100. Additionally, it has seen a 10.25% appreciation over the last year, higher than the national average of 8.27%. These factors make Palmer a great option for potential homeowners looking to purchase their first home or for experienced investors looking to increase their portfolio.
The median home cost in Palmer is $94,500. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Palmer is up 11.6%.
Average Age of Homes
- The median age of Palmer real estate is 67 years old
The Rental Market in Palmer
- Renters make up 2.4% of the Palmer population
- 0.0% 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.