Housing in Palmer, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — November 2025Median Sale Price
$8,000
Median List Price
N/A
Price Per Sq Ft
$6
Days on Market
72
Active Inventory
N/A
Zillow Home Value
$115,614
ZHVI — January 2026
Market Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
80.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$6
Palmer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Palmer is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$80,400
Median Rent
$744
Total Housing Units
106
Vacancy Rate
6.6%
Owner Occupied
89.9%
Renter Occupied
10.1%
Median Property Tax
$1,554
per year
Monthly Cost (w/ Mortgage)
$861
Housing Types
The current median sale price in Palmer, IL is $8,000 according to Redfin data. Homes spend a median of 72 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $6. The median rent is $744 per month (Census ACS). About 89.9% of housing units are owner-occupied. The median year homes were built is 1938. There are 106 total housing units.