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Palmer

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

Median Home$120,500
Median Rent$605/month
Population119
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Retirees29% of residentswell above average
Homeowners76% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$121k median home · lower cost than 84% of the country
Palmer
KS

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 $121k. The median monthly rent is $605. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $734/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palmer is $68k/year.

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What industries drive the economy in Palmer?

The largest employment sectors in Palmer are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.