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Palmer, MI
Full City Profile · Michigan · Marquette County County
3.1
/5.0
B
Good
342
Population
580/sq mi density
$64,000
Median Income
$29,352 per capita
$74,700
Home Value
$218,521 Zillow
40°F
Avg Temperature
249 sunny days/yr
86
Violent Crime/100K
1,686 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$64,000 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$74,700 home value, /mo rent
F
Safety
1.0 / 5.0
86 violent crimes/100K
C
Education
2.2 / 5.0
14.8% bachelor's degree or higher
Housing Overview
Median Home Value
$74,700
74% below
US avg: $281,900
Homeownership Rate
91.5%
40% above US avg (65.4%)
Total Housing Units
157
Median year built: 1938
Home Value by Source
Census Median
$74,700
Zillow (ZHVI)
$218,521
Median Sale Price
$151,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.5%
Owner-Occupied
8.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Market Indicators (Redfin)
Median Days on Market
30 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
50.0%
of listings with price reduction
Price Per Sq Ft
$124
Active Inventory
2
homes for sale
Affordability & Housing Stock
Rent Burden
32.4%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
91.5%
Complete Housing Data
Home Values
| Census Median Value | $74,700 |
| Zillow Home Value (ZHVI) | $218,521 |
| Median Sale Price | $151,500 |
| Price Per Sq Ft | $124 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 30 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 50.0% |
| Homes Sold | 1 |
| Active Inventory | 2 |
| Price Per Sq Ft | $124 |
Ownership & Stock
| Owner-Occupied | 91.5% |
| Renter-Occupied | 8.5% |
| Homeownership Rate | 91.5% |
| Total Housing Units | 157 |
| Median Year Built | 1938 |
| Rent Burden | 32.4% |