Palmer, IL Housing Statistics

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65%

Med. Home Val. NAT. AVG.

100%

Rent NAT. AVG.

47%

Owner Occ. NAT. AVG.

Palmer Housing Information

Index	Palmer	Illinois	National
Median home price	$113,377	$308,565	$326,622
Median rent asked	$0	$1,374	$1,444
Avg. people per household	2.6	2.6	2.6
Owner occupied households	93.3%	66.0%	63.6%
Renter occupied households	6.7%	34.0%	36.4%

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Housing Quick Facts

The median home price in Palmer is 65% lower than the national average.
The median rent asked in Palmer is 100% lower than the national average.
The average number of people per household in Palmer is 2% lower than the national average.
The number of owner occupied households in Palmer is 47% higher than the national average.
The number of renter occupied households in Palmer is 82% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Waggoner, IL	192	$80,051	75%
Harvel, IL	253	$80,334	75%
Witt, IL	633	$88,971	73%
Jeisyville, IL	60	$96,324	71%
Bulpitt, IL	244	$111,227	66%
Palmer, IL	294	$113,377	65%

Cities with similar population

	Population	Home Price	National Avg.
Bakersfield, MO	294	$140,696	57%
Leonard, ND	294	$233,836	28%
Hinsdale, MT	294	$185,123	43%
Searles, MN	294	$284,316	13%
Parsonsburg, MD	294	$381,153	17%
Palmer, IL	294	$113,377	65%

Source: The Palmer, IL housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.