Much like the surrounding areas, it is substantially less expensive compared to the entire country. It is a lot less expensive compared to the city of Grand Island.
Home prices
The median home in Palmer is valued at $90,700. It is is very similar compared to the surrounding areas.Compared to the entire nation it is roughly $126,800 (58%) lower, and compared to the city of Grand Island it is roughly $50,100 (35%) lower.
Rents
In Palmer the median monthly rent is $679. It is roughly $41 (6%) higher compared to its nearby areas.Compared to the nation as a whole it is approximately $383 (36%) lower, and is approximately $88 (11%) lower in comparison to the city of Grand Island.
Nearby places
St. Paul
St. Paul is approximately 8 miles west from Palmer. Its real estate prices are substantially more expensive. The median home in St. Paul is valued at $138,000, which works out to $47,300 (34%) higher than Palmer. The rent there is similar. St. Paul's median rent is $684 per month, which is very similar to Palmer.
Wolbach
Wolbach is about 13 miles northwest from Palmer. Its real estate prices are a lot less expensive. The median home in Wolbach is valued at $49,200, which works out to $41,500 (84%) lower than Palmer. Rent there is substantially less expensive. Wolbach's median monthly rent is $425, which comes out to $254 (59%) lower than Palmer.
Central City
Central City is roughly 13 miles southeast from Palmer. Real estate prices there are a bit more expensive. The median home in Central City is valued at $106,100, which is $15,400 (14%) higher than Palmer. Its rents are pretty similar. The median rent in Central City is $666 a month, which is $13 (1%) lower than Palmer.
Chapman
Chapman is roughly 14 miles south from Palmer. Real estate prices there are significantly less expensive. The median home in Chapman is valued at $68,500, which works out to $22,200 (32%) lower than Palmer. Its rents are a bit more expensive. In Chapman the median monthly rent is $811, which works out to $132 (16%) higher than Palmer.
Elba
Elba is roughly 14 miles west from Palmer. The housing prices there are pretty similar. The median home in Elba costs $90,600, which is very similar to Palmer. Rents there are a little less expensive. Elba's median monthly rent is $605, which works out to $74 (12%) lower than Palmer.
