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Palmer, MA—01080

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$318,000
3.2% YoY Growth
Household Income
$87,200
50.0% YoY Growth
Days on Market
10
57.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$2,000
13.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$2,000
11.1% YoY Growth
3-Bed Rent
N/A
N/A

Other Zip Codes in Palmer, MA

01069
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Palmer, MA

As of May '26, the median home price in Palmer, MA is $318,000, with a year-over-year change of 3.2%. This indicates that home prices in Palmer, MA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$318,0003.2%
Single Family $321,0002.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$282,0004.1%
    3 Bed
    		$320,0003.2%
    4 Bed
    		$339,0004.3%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    4.3%
    2 Bedrooms
    40.7%
    3 Bedrooms
    38.6%
    4 Bedrooms
    16.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,000
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $2,000$2,000
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Palmer, MA is 10. This is a decrease of -57.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,000-4.0%
    Listing Count
    		340.0%
    Listings as % of Homes0.1%40.0%
    Days on Market
    		10-57.0%
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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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,230
    2 Bedroom-$470$2,000$1,530
    3 BedroomN/AN/A$1,860
    4 BedroomN/AN/A$2,080

    Affordability — Palmer, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$318,000
    Median Household Income$87,200

    Palmer, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Thorndike

    01079

    Bondsville

    01009

    Palmer, MA

    01069

    Wilbraham, MA

    01095

    Ludlow, MA

    01056

    Frequently Asked Questions