The housing in Palmer, TN is very affordable with the median value of homes at $155,300. This is substantially lower than the US House median value of $338,100. In addition to being more affordable, houses in Palmer have seen a higher appreciation rate with a 1 year appreciation of 13.88%, compared to 8.27% for the US as a whole. Overall, Palmer, TN offers an attractive option for those looking for an affordable place to live and hoping to benefit from rising property values.
The median home cost in Palmer is $155,300. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Palmer is up 22.8%.
Average Age of Homes
- The median age of Palmer real estate is 46 years old
The Rental Market in Palmer
- Renters make up 6.7% 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.