Palmer, TX housing market
The typical Palmer home is worth about $323,000, about the same as a year ago, 8% above the Texas 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
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Palmer | Texas |
|---|---|---|
| 2017 | $181,000 | $190,000 |
| 2018 | $197,000 | $202,000 |
| 2019 | $231,000 | $214,000 |
| 2020 | $243,000 | $223,000 |
| 2021 | $266,000 | $242,000 |
| 2022 | $308,000 | $286,000 |
| 2023 | $326,000 | $313,000 |
| 2024 | $327,000 | $311,000 |
| 2025 | $329,000 | $311,000 |
| 2026 | $325,000 | $303,000 |
| August 2026 | $323,000 | $299,000 |
33 new homes permitted in 2025
Builders were permitted 33 new homes in Palmer in 2025: 21 single-family houses and 12 in buildings with two or more homes, worth about $8.2 million to build. That's 13 per 1,000 residents, faster than across Texas (8.1). Over the past 10 years, Palmer has permitted 123 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palmer gained 393 residents while 35 new homes were permitted: about 11 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Texas: 2.6 new residents per new home.
How Palmer ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 14 | 12 | 2 | $3.7 million |
| 2025 | 33 | 21 | 12 | $8.2 million |
| 2024 | 10 | 10 | 0 | $2.4 million |
| 2023 | 11 | 11 | 0 | $2.6 million |
| 2022 | 11 | 11 | 0 | $2.6 million |
| 2021 | 15 | 15 | 0 | $3.5 million |
| 2020 | 13 | 13 | 0 | $3.1 million |
| 2019 | 12 | 12 | 0 | $2.8 million |
| 2018 | 18 | 18 | 0 | $4.3 million |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $85,000 |
| 2012 | 2 | 2 | 0 | $170,000 |
| 2011 | 1 | 1 | 0 | $85,000 |
| 2010 | 1 | 1 | 0 | $85,000 |
| 2009 | 6 | 6 | 0 | $511,000 |
| 2008 | 11 | 11 | 0 | $936,000 |
| 2007 | 17 | 17 | 0 | $1.4 million |
| 2006 | 21 | 21 | 0 | $1.8 million |
| 2005 | 23 | 23 | 0 | $2 million |
| 2004 | 22 | 22 | 0 | $1.9 million |
| 2003 | 22 | 22 | 0 | $1.8 million |
| 2002 | 6 | 6 | 0 | $430,000 |
| 2001 | 22 | 22 | 0 | $1.4 million |
| 2000 | 14 | 14 | 0 | $1.4 million |
How Palmer ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Palmer and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Palmer | $323K | −0.2% | $2,010 | 33 | $104,258 |
| Ennis | $264K | −1.9% | $1,580 | 380 | $75,074 |
3.1 years of income
The typical Palmer home costs about 3.1 years of the town's median household income, less than across Texas (3.8 years).
How Palmer ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,010
HUD's Fair Market Rent for a two-bedroom in Palmer is $2,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Palmer pay a median of $1,718, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,650 · 4 bedrooms $3,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (75152; Dallas, TX HUD Metro FMR Area), 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.