Palmer, TX—75152
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palmer, TX
As of Oct '25, the median home price in Palmer, TX is $312,000, with a year-over-year change of -0.9%. This indicates that home prices in Palmer, TX are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | -0.9% |
| Single Family | $312,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $318,000 | -0.6% |
4 Bed | $428,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palmer, TX
As of July '25, Rentcast reports the average rent in Palmer, TX is $1,770, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Palmer, TX is 2-bedrooms: $1,500, 3-bedrooms: $1,920. The most common rental property sizes in Palmer, TX are 3-bedroom and 4-bedroom, accounting for 64.4% and 14.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,500 |
| 3 Bed Rent | $1,850 | $1,920 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Palmer, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmer, TX is 63. This is a decrease of -6.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | -24.0% |
Listing Count | 19 | -18.0% |
| Listings as % of Homes | 1.0% | -18.0% |
Days on Market | 63 | -6.0% |
Demographics — Palmer, TX
As of the latest ACS Survey released in 2023, Palmer, TX has a population of 5,560, which has increased by 9.1% over the past 5 years. Palmer, TX is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,560 | 9.1% |
% Under 18 | 26.0% | -18.8% |
% Seniors | 10.2% | 29.1% |
% WFH | 9.6% | 134.1% |
% w/ College Degree | 15.9% | -3.0% |
As of the latest ACS Survey released in 2023, Palmer, TX is a predominantly white area, with 60.8% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Palmer, TX is hispanic, making up 35.1% of the population. Foreign-born residents account for 7.1% of the population in Palmer, TX, and this percentage has decreased by 16.5% 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 | 60.8% | 1.3% |
% Black | 0.6% | -83.3% |
% Hispanic | 35.1% | 3.8% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 7.1% | -16.5% |
Mortgage and Risk — Palmer, TX
According to HUD data as of 2023, there were 90 mortgage originations in Palmer, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Palmer, TX. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Palmer, TX
Palmer, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,680 |
| 2 Bedroom | $770 | $1,200 | $1,970 |
| 3 Bedroom | $620 | $1,850 | $2,470 |
| 4 Bedroom | N/A | N/A | $3,170 |
Affordability — Palmer, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $312,000 |
| Median Household Income | $96,100 |