A typical Palmer home is worth roughly $84,000
Only 2 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Palmer?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Palmer
Try your own numbers below.
That covers a typical Palmer home, with $187K to spare.
A two-bedroom rents for about $970 a month here, $440 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Michigan typical property tax (1.25% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
88% of Palmer households own their home
Half of Palmer’s homes were built before 1945.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $970
Renters already here pay a median of $763, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Marquette County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Palmer buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.