Palmer, TN housing market
The typical Palmer home is worth about $138,000, down 4.6% in a year, 59% below the Tennessee typical home.
Home values, sales, trends and how Palmer compares with the towns next door — updated as new data is published.
Palmer at a glance
Typical home value, 2022–2026
Show as a table
| January | Palmer | Tennessee |
|---|---|---|
| 2023 | $124,000 | $313,000 |
| 2024 | $136,000 | $326,000 |
| 2025 | $144,000 | $334,000 |
| 2026 | $141,000 | $333,000 |
| August 2026 | $138,000 | $334,000 |
Palmer and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Palmer | $138K | −4.6% | $970 | — | $56,447 |
| Gruetli-Laager | $185K | +2.1% | $1,090 | 0 | $47,313 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Palmer is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palmer pay a median of $583, so moving in tends to cost more than staying put.
Studio $770 · 4 bedrooms $1,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37365; Chattanooga, TN-GA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Palmer
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. 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.