Housing in Palmer, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$131,198
Palmer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Palmer is highlighted.
Median Home Value
1st%ilemost expensive$36,500show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$36,500
Median Rent
N/A
Total Housing Units
106
Vacancy Rate
26.4%
Owner Occupied
92.3%
Renter Occupied
7.7%
Median Property Tax
$582
per year
Monthly Cost (w/ Mortgage)
$600
Housing Types
Single Family89.6%
Multi-Family10.4%
Mobile Home0.0%
The median home value in Palmer, IA is $36,500. According to Zillow, the home value index for Palmer is $131,198. About 92.3% of housing units are owner-occupied. The median year homes were built is 1945. There are 106 total housing units.