Housing in Palmer, TN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$131,728

Palmer vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Palmer is highlighted.

Median Home Value

14th%ilemost expensive$86,500show rank

Median Rent

6th%ilemost expensive rent$573show rank

Rent Burden

36th%ilehighest rent burden16.7%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$86,500

Median Rent

$573

Total Housing Units

291

Vacancy Rate

14.4%

Owner Occupied

85.9%

Renter Occupied

14.1%

Median Property Tax

$351

per year

Monthly Cost (w/ Mortgage)

$368

Housing Types

Single Family

71.5%

Multi-Family

0.0%

Mobile Home

28.5%

The median home value in Palmer, TN is $86,500. According to Zillow, the home value index for Palmer is $131,728. The median rent is $573 per month (Census ACS). About 85.9% of housing units are owner-occupied. The median year homes were built is 1984. There are 291 total housing units.