Palmer: Housing & Real Estate
Palmer homes sell at a median $226,000, with median rent $1,718 (1.3× higher than Ellis County median $1,345; 1.4× higher than Texas median $1,244). Homeownership rate: 77.2%. That's 1.2× below the Ellis County median ($275,800); 1.1× below the Texas median ($247,738). A municipal building code is in effect.
- 2.2× annual income — home value vs. household income (vs Texas 3.1×).
- 11.0 years to break even renting at the median (vs Texas 17y).
Home Values & Rent
Median home value $226,000 — 0.9× the Texas median ($247,738). Median rent $1,718/month. homeownership rate 77.2% — above the U.S. share of ~65%.
| Median Home Value | $226,000 (vs Texas $247,738) |
|---|---|
| Median Rent | $1,718 (vs Texas $1,244) |
Other
| Homeownership Rate | 77.2% |
|---|---|
| Median Year Built | 1989 |