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Palmer

Learn about the people, housing, costs and businesses in Palmer, Alaska

Median Home$335,419
Median Rent$1,205/month
Population6,190
Leading IndustriesManufacturing · Professional Services · Finance & Insurance3% manufacturing
Home Value Growth⬆⬆+18.9% over 2 years
Young Adults34% of residentswell above average
Homeowners74% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
NotableTransit85/100 · excellent transit access
Palmer
AK

Frequently Asked Questions

What are today's mortgage rates in Palmer?

As of today, the 30-year fixed mortgage rate for Palmer is approximately 6.908% (6.944% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Palmer?

The median home value in Palmer is $335k. The median monthly rent is $1,205. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palmer?

Home values in Palmer have increased 18.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Palmer?

Based on a typical all-in ownership cost of $1,486/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palmer is $92k/year.

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What industries drive the economy in Palmer?

The largest employment sectors in Palmer are public administration (25%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.