Palmer, MA 01080 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Palmer, MA—01080

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$303,000

4.2% YoY Growth

Household Income

$87,200

50.0% YoY Growth

Days on Market

47.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

$2,000

13.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,000

11.1% YoY Growth

3-Bed Rent

N/A

Other Zip Codes in Palmer, MA

01069

Home Price Trends — Palmer, MA

As of Dec '25, the median home price in Palmer, MA is $303,000, with a year-over-year change of 4.2%. This indicates that home prices in Palmer, MA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$303,000	4.2%
Single Family	$306,000	3.4%
Condos	N/A	N/A

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 $2,000, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Palmer, MA is 2-bedrooms: $2,000. The most common rental property sizes in Palmer, MA are 2-bedroom and 3-bedroom, accounting for 57.8% and 33.3% of the rental stock.

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

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% of Rental Stock

1 Bedroom

6.0%

2 Bedrooms

57.8%

3 Bedrooms

33.3%

4 Bedrooms

2.9%

Property Listings — Palmer, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Palmer, MA is 32. This is a decrease of -55.0% from last year, suggesting that homes are sitting on the market shorter 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	$321,000	-5.0%
Listing Count	2	0.0%
Listings as % of Homes	0.1%	0.0%
Days on Market	43	-47.0%

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Demographics — Palmer, MA

As of the latest ACS Survey released in 2023, Palmer, MA has a population of 2,310, which has decreased by -17.6% over the past 5 years. Palmer, MA is a less popular place for families, as children make up 9.6% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,310	-17.6%
% Under 18	9.6%	-61.0%
% Seniors	14.3%	52.1%
% WFH	5.5%	1,000.0%
% w/ College Degree	16.6%	5.7%

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As of the latest ACS Survey released in 2023, Palmer, MA is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Palmer, MA is black, making up 5.5% of the population. Foreign-born residents account for 1.9% of the population in Palmer, MA, and this percentage has decreased by 64.2% 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	83.5%	-1.4%
% Black	5.5%	129.2%
% Hispanic	3.2%	-50.8%
% Asian	1.3%	∞%
% Foreign Born	1.9%	-64.2%

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Mortgage and Risk — Palmer, MA

According to HUD data as of 2023, there were 64 mortgage originations in Palmer, MA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Palmer, MA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	64
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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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	15
Total Units Section 8	15
% Rentals under Section 8	3.8%
% Occupied Section 8	84.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,230
2 Bedroom	-$470	$2,000	$1,530
3 Bedroom	N/A	N/A	$1,860
4 Bedroom	N/A	N/A	$2,080

Palmer, MA—01080

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

Wilbraham, MA

Ludlow, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$303,000
Median Household Income	$87,200

Palmer, MA—01080

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

Wilbraham, MA

Ludlow, MA

Frequently Asked Questions

What is the average home price in Palmer, MA 01080?

How have home prices in Palmer, MA 01080 changed over the past year?

What is the home price projection for Palmer, MA 01080?

What are the demographics of Palmer, MA 01080?

How long does it take homes to sell in Palmer, MA 01080?

What is the average rent price in Palmer, MA 01080?