Palmer, NE—68864
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palmer, NE
As of Oct '25, the median home price in Palmer, NE is $295,000, with a year-over-year change of 10.2%. This indicates that home prices in Palmer, NE are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 10.2% |
| Single Family | $295,000 | 10.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $272,000 | 12.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palmer, NE
Palmer, NE lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Palmer, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmer, NE is 77. This is a increase of 5.0% 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 | $334,000 | 73.0% |
Listing Count | 3 | -27.0% |
| Listings as % of Homes | N/A | -27.0% |
Days on Market | 77 | 5.0% |
Demographics — Palmer, NE
As of the latest ACS Survey released in 2023, Palmer, NE has a population of 1,060, which has decreased by -4.8% over the past 5 years. Palmer, NE is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | -4.8% |
% Under 18 | 25.8% | 7.5% |
% Seniors | 17.7% | -6.3% |
% WFH | 7.4% | 155.2% |
% w/ College Degree | 25.5% | 49.1% |
As of the latest ACS Survey released in 2023, Palmer, NE is a predominantly white area, with 97.7% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Palmer, NE is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.1% of the population in Palmer, NE, and this percentage has decreased by 96.0% 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 | 97.7% | 2.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.8% | -46.7% |
% Asian | 0.5% | -28.6% |
% Foreign Born | 0.1% | -96.0% |
Mortgage and Risk — Palmer, NE
According to HUD data as of 2023, there were 42 mortgage originations in Palmer, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Palmer, NE. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Palmer, NE
Palmer, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Palmer, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $295,000 |
| Median Household Income | $77,400 |