Palmer, MA 01069 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Palmer, MA—01069

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$326,000

2.3% YoY Growth

Household Income

$79,700

25.8% YoY Growth

Days on Market

33.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$2,000

24.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,280

5.0% YoY Growth

3-Bed Rent

$2,000

8.1% YoY Growth

Other Zip Codes in Palmer, MA

01080

Home Price Trends — Palmer, MA

As of Dec '25, the median home price in Palmer, MA is $326,000, with a year-over-year change of 2.3%. This indicates that home prices in Palmer, MA are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$326,000	2.3%
Single Family	$332,000	2.2%
Condos	$244,000	8.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Palmer, MA

As of July '25, Rentcast reports the average rent in Palmer, MA is $1,920, with a year-over-year rent change of 24.7%. Per bedroom, the median rent as of July '25 in Palmer, MA is 2-bedrooms: $1,890, 3-bedrooms: $2,000. The most common rental property sizes in Palmer, MA are 1-bedroom and 2-bedroom, accounting for 40.5% and 33.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$1,920
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,280	$1,890
3 Bed Rent	$2,000	$2,000
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.2%

1 Bedroom

40.5%

2 Bedrooms

33.3%

3 Bedrooms

16.8%

4 Bedrooms

4.2%

Property Listings — Palmer, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Palmer, MA is 27. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$360,000	15.0%
Listing Count	13	-40.0%
Listings as % of Homes	0.2%	-40.0%
Days on Market	48	-33.0%

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Demographics — Palmer, MA

As of the latest ACS Survey released in 2023, Palmer, MA has a population of 9,080, which has increased by 4.4% over the past 5 years. Palmer, MA is a less popular place for families, as children make up 14.1% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,080	4.4%
% Under 18	14.1%	-10.2%
% Seniors	23.8%	29.3%
% WFH	7.9%	97.5%
% w/ College Degree	24.8%	-1.6%

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As of the latest ACS Survey released in 2023, Palmer, MA is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Palmer, MA is hispanic, making up 5.1% of the population. Foreign-born residents account for 2.3% of the population in Palmer, MA, and this percentage has decreased by 55.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.9%	-6.5%
% Black	2.9%	45.0%
% Hispanic	5.1%	2.0%
% Asian	0.0%	-100.0%
% Foreign Born	2.3%	-55.8%

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Mortgage and Risk — Palmer, MA

According to HUD data as of 2023, there were 158 mortgage originations in Palmer, MA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Palmer, MA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	158
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Palmer, MA

Palmer, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	181
Total Units Section 8	181
% Rentals under Section 8	17.2%
% Occupied Section 8	94.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,060
2 Bedroom	$30	$1,280	$1,310
3 Bedroom	-$400	$2,000	$1,600
4 Bedroom	N/A	N/A	$1,780

Palmer, MA—01069

Key Metrics at a Glance

Other Zip Codes in Palmer, MA

Home Price Trends — Palmer, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palmer, MA

% of Rental Stock

Property Listings — Palmer, MA

Demographics — Palmer, MA

Race and Ethnicity

Mortgage and Risk — Palmer, MA

Mortgages

Rentals and Section 8 — Palmer, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Palmer, MA

Home Price to Income Ratio

Palmer, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Thorndike

Bondsville

Palmer, MA

West Warren

Monson, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$326,000
Median Household Income	$79,700

Palmer, MA—01069

Key Metrics at a Glance

Other Zip Codes in Palmer, MA

Home Price Trends — Palmer, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palmer, MA

% of Rental Stock

Property Listings — Palmer, MA

Demographics — Palmer, MA

Race and Ethnicity

Mortgage and Risk — Palmer, MA

Mortgages

Rentals and Section 8 — Palmer, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Palmer, MA

Home Price to Income Ratio

Palmer, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Thorndike

Bondsville

Palmer, MA

West Warren

Monson, MA

Frequently Asked Questions

What is the average home price in Palmer, MA 01069?

How have home prices in Palmer, MA 01069 changed over the past year?

What is the home price projection for Palmer, MA 01069?

What are the demographics of Palmer, MA 01069?

How long does it take homes to sell in Palmer, MA 01069?

What is the average rent price in Palmer, MA 01069?