Palmer, MA—01080
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 $307,000, with a year-over-year change of 4.8%. This indicates that home prices in Palmer, MA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 4.8% |
| Single Family | $310,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 3.4% |
3 Bed | $310,000 | 4.4% |
4 Bed | $323,000 | 4.9% |
| 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 $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 |
% 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 20. This is a decrease of -46.0% 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 | $331,000 | -8.0% |
Listing Count | 3 | 40.0% |
| Listings as % of Homes | 0.1% | 40.0% |
Days on Market | 20 | -46.0% |
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% |
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% |
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% |
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 | 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 |
Affordability — Palmer, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $307,000 |
| Median Household Income | $87,200 |