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Palmer, NE
Full City Profile · Nebraska · Merrick County County
3.1
/5.0
B
Good
446
Population
842/sq mi density
$54,861
Median Income
$28,888 per capita
$102,900
Home Value
$299,438 Zillow
$785
Median Rent
22.5% income on rent
52°F
Avg Temperature
308 sunny days/yr
69
Violent Crime/100K
1,714 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$54,861 median income, 0.3% unemployment
A+
Affordability
5.0 / 5.0
$102,900 home value, $785/mo rent
F
Safety
1.0 / 5.0
69 violent crimes/100K
C
Education
2.4 / 5.0
17.2% bachelor's degree or higher
Housing Overview
Median Home Value
$102,900
63% below
US avg: $281,900
Median Rent
$785/mo
33% below
US avg: $1,163/mo
Homeownership Rate
85.6%
31% above US avg (65.4%)
Total Housing Units
186
Median year built: 1944
Home Value by Source
Census Median
$102,900
Zillow (ZHVI)
$299,438
Median Sale Price
$314,489
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.6%
Owner-Occupied
14.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent:
$785/mo
Market Indicators (Redfin)
Median Days on Market
192 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$103
Active Inventory
1
homes for sale
Affordability & Housing Stock
Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1944
Average age of housing stock: 82 years
Homeownership Rate
85.6%
Complete Housing Data
Home Values
| Census Median Value | $102,900 |
| Zillow Home Value (ZHVI) | $299,438 |
| Median Sale Price | $314,489 |
| Price Per Sq Ft | $103 |
Rent
| Census Median Rent | $785 |
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
| Days on Market | 192 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 1 |
| Price Per Sq Ft | $103 |
Ownership & Stock
| Owner-Occupied | 85.6% |
| Renter-Occupied | 14.4% |
| Homeownership Rate | 85.6% |
| Total Housing Units | 186 |
| Median Year Built | 1944 |
| Rent Burden | 22.5% |