Palmer, MA—01069
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Palmer, MA
Home Price Trends — Palmer, MA
As of Oct '25, the median home price in Palmer, MA is $328,000, with a year-over-year change of 2.6%. This indicates that home prices in Palmer, MA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 2.6% |
| Single Family | $334,000 | 2.1% |
| Condos | $242,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 1.9% |
3 Bed | $341,000 | 2.4% |
4 Bed | $372,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Palmer, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmer, MA is 49. This is a increase of 68.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 0.0% |
Listing Count | 13 | -45.0% |
| Listings as % of Homes | 0.2% | -45.0% |
Days on Market | 49 | 68.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Palmer, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $328,000 |
| Median Household Income | $79,700 |