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Housing in Palmer

Homes in Palmer

Home prices around Palmer have risen about 69% over the past 5 years.

2-bedroom rent
$990
a month, utilities in · HUD
Median tax bill
$1,304
TX $4,232

What kind of housing town is Palmer?

Read from the numbers below. The page puts what stands out first.

The homes

73% of Palmer households own their home

Half of Palmer’s homes were built before 1995.

Owners and renters
Own 73%Rent 28%

Texas: 63% own.

1995
typical home built · TX 1992
$1,304
median property tax bill · TX $4,232

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 69% in 5 years

The federal house price index for the ZIP code around Palmer rose 69% over the past 5 years, faster than across Texas (43%). Last year prices rose 1%.

Palmer areaTexas
0%+50%+100%+150%+200%200020052010201520202025
+1%
past year
+69%
past 5 years
+98%
past 10 years

How Palmer ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Palmer, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $990

Fair Market Rent a month, utilities included

Studio$730
1 bedroom$820
2 bedrooms$990
3 bedrooms$1,340
4 bedrooms$1,400
28%
of households rent · TX 37%
44
renter households
100%
of renters spend 30%+ of income on rent · TX 52%
64%
of the median income, for a two-bedroom

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Brownsville-Harlingen, TX MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Palmer vs. its neighbors

The towns that share a border with Palmer. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Palmer—+1%†$990$18,675
Encantada-Ranchito-El Calaboz$69K*+1%†$990$45,505
Rice Tracts$241K*+1%†$990$133,472
La Paloma$82K*+1%†$990$59,840

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

On the market in Palmer

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Palmer buyers, sellers and renters are saying.

Town Square →
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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. 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.

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