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Palmer, AK
Full City Profile · Alaska · Anchorage Municipality County
3.0
/5.0
B
Good
6,141
Population
1,211/sq mi density
$70,550
Median Income
$34,916 per capita
$275,900
Home Value
$420,936 Zillow
$1,134
Median Rent
31.2% income on rent
37°F
Avg Temperature
274 sunny days/yr
280
Violent Crime/100K
2,724 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$70,550 median income, 4.9% unemployment
A
Affordability
4.5 / 5.0
$275,900 home value, $1,134/mo rent
F
Safety
1.0 / 5.0
280 violent crimes/100K
C+
Education
2.9 / 5.0
23.8% bachelor's degree or higher
Housing Overview
Median Home Value
$275,900
2% below
US avg: $281,900
Median Rent
$1,134/mo
2% below
US avg: $1,163/mo
Homeownership Rate
62.4%
5% below US avg (65.4%)
Total Housing Units
2,423
Median year built: 1990
Home Value by Source
Census Median
$275,900
Zillow (ZHVI)
$420,936
Median Sale Price
$314,900
Median List Price
$389,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.4%
Owner-Occupied
37.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,061/mo
1 Bedroom
$1,194/mo
2 Bedroom
$1,467/mo
3 Bedroom
$1,941/mo
4 Bedroom
$2,304/mo
Census median rent:
$1,134/mo
Market Indicators (Redfin)
Median Days on Market
26 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$285
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1990
Average age of housing stock: 36 years
Homeownership Rate
62.4%
Complete Housing Data
Home Values
| Census Median Value | $275,900 |
| Zillow Home Value (ZHVI) | $420,936 |
| Median Sale Price | $314,900 |
| Median List Price | $389,000 |
| Price Per Sq Ft | $285 |
Rent
| Census Median Rent | $1,134 |
| FMR Studio | $1,061 |
| FMR 1-Bedroom | $1,194 |
| FMR 2-Bedroom | $1,467 |
| FMR 3-Bedroom | $1,941 |
| FMR 4-Bedroom | $2,304 |
Market
| Days on Market | 26 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 1 |
| Active Inventory | 4 |
| Price Per Sq Ft | $285 |
Ownership & Stock
| Owner-Occupied | 62.4% |
| Renter-Occupied | 37.6% |
| Homeownership Rate | 62.4% |
| Total Housing Units | 2,423 |
| Median Year Built | 1990 |
| Rent Burden | 31.2% |