Home prices
The median home price in Palmer is $207,200. Compared to other places in this area this is approximately $61,840 (22%) lower.Compared to the entire country it is about $10,300 (4%) lower, and is roughly $107,600 (34%) lower compared to the city of Anchorage.
Rents
The median rent in Palmer is $976 per month. Compared to its surrounding areas this is approximately $110 (10%) lower.It is approximately $86 (8%) lower compared to the US as a whole, and it is about $344 (26%) lower compared to the city of Anchorage.
Nearby places
Farm Loop
Farm Loop is Palmer's neighbor to the northwest. Housing prices there are somewhat more expensive. The median home in Farm Loop is valued at $263,000, which works out to $55,800 (21%) higher than Palmer. Rents there are fairly similar. In Farm Loop the median rent is $975 a month, which is very similar to Palmer.
Butte
Butte is roughly 3 miles southeast of Palmer. Real estate prices there are a little more expensive. The price of the median home in Butte is $254,400, which comes out to $47,200 (18%) higher than Palmer. Rents there are a little more expensive. The median monthly rent in Butte is $1,219, which comes out to $243 (19%) higher than Palmer.
Gateway
Gateway is about 3 miles west of Palmer. Real estate prices there are substantially more expensive. The median home price in Gateway is $321,100, which comes out to $113,900 (35%) higher than Palmer. Rent there is a little more expensive. The median rent in Gateway is $1,117 per month, which is $141 (12%) higher than Palmer.
Buffalo Soapstone
Buffalo Soapstone is about 4 miles north of Palmer. The real estate prices there are somewhat more expensive. The value of the median home in Buffalo Soapstone is $229,300, which comes out to $22,100 (9%) higher than Palmer. Rents there are a bit less expensive. Buffalo Soapstone's median monthly rent is $883, which works out to $93 (10%) lower than Palmer.
Lakes
Lakes is about 5 miles west from Palmer. Its housing prices are a bit more expensive. The median home in Lakes costs $277,400, which works out to $70,200 (25%) higher than Palmer. The rent there is a little more expensive. The median monthly rent in Lakes is $1,236, which is $260 (21%) higher than Palmer.
