Palmer, NE 68864 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Palmer, NE—68864

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$299,000

10.1% YoY Growth

Household Income

$77,400

33.0% YoY Growth

Days on Market

120

19.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Palmer, NE

As of Nov '25, the median home price in Palmer, NE is $299,000, with a year-over-year change of 10.1%. This indicates that home prices in Palmer, NE are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$299,000	10.1%
Single Family	$299,000	9.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

Loading chart...

% of Rental Stock

1 Bedroom

6.8%

2 Bedrooms

32.2%

3 Bedrooms

42.4%

4 Bedrooms

18.6%

Property Listings — Palmer, NE

As of Nov '25, Realtor.com reports that the median days on market for a home in Palmer, NE is 120. This is a increase of 19.0% 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	$325,000	40.0%
Listing Count	3	29.0%
Listings as % of Homes	N/A	29.0%
Days on Market	120	19.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Palmer, NE—68864

Key Metrics at a Glance

Home Price Trends — Palmer, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palmer, NE

% of Rental Stock

Property Listings — Palmer, NE

Demographics — Palmer, NE

Race and Ethnicity

Mortgage and Risk — Palmer, NE

Mortgages

Rentals and Section 8 — Palmer, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Palmer, NE

Home Price to Income Ratio

Palmer, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Archer, NE

Saint Libory, NE

Saint Paul, NE

Chapman, NE

Wolbach, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$299,000
Median Household Income	$77,400

Palmer, NE—68864

Key Metrics at a Glance

Home Price Trends — Palmer, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palmer, NE

% of Rental Stock

Property Listings — Palmer, NE

Demographics — Palmer, NE

Race and Ethnicity

Mortgage and Risk — Palmer, NE

Mortgages

Rentals and Section 8 — Palmer, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Palmer, NE

Home Price to Income Ratio

Palmer, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Archer, NE

Saint Libory, NE

Saint Paul, NE

Chapman, NE

Wolbach, NE

Frequently Asked Questions

What is the average home price in Palmer, NE 68864?

How have home prices in Palmer, NE 68864 changed over the past year?

What is the home price projection for Palmer, NE 68864?

What are the demographics of Palmer, NE 68864?

How long does it take homes to sell in Palmer, NE 68864?

What is the average rent price in Palmer, NE 68864?