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Palmer, IL
Full City Profile · Illinois · Christian County County
3.2
/5.0
B
Good
233
Population
233/sq mi density
$52,917
Median Income
$27,261 per capita
$80,400
Home Value
$124,169 Zillow
$744
Median Rent
19.4% income on rent
54°F
Avg Temperature
302 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$52,917 median income, 0.5% unemployment
A+
Affordability
5.0 / 5.0
$80,400 home value, $744/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
F
Education
1.5 / 5.0
6.2% bachelor's degree or higher
Housing Overview
Median Home Value
$80,400
71% below
US avg: $281,900
Median Rent
$744/mo
36% below
US avg: $1,163/mo
Homeownership Rate
89.9%
37% above US avg (65.4%)
Total Housing Units
111
Median year built: 1940
Home Value by Source
Census Median
$80,400
Zillow (ZHVI)
$124,169
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.9%
Owner-Occupied
10.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$744/mo
Affordability & Housing Stock
Rent Burden
19.4%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1940
Average age of housing stock: 86 years
Homeownership Rate
89.9%
Complete Housing Data
Home Values
| Census Median Value | $80,400 |
| Zillow Home Value (ZHVI) | $124,169 |
Rent
| Census Median Rent | $744 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 89.9% |
| Renter-Occupied | 10.1% |
| Homeownership Rate | 89.9% |
| Total Housing Units | 111 |
| Median Year Built | 1940 |
| Rent Burden | 19.4% |