Palmer, TN
Full City Profile · Tennessee · Grundy County County
3.0
/5.0
B
Good
734
Population
149/sq mi density
$41,250
Median Income
$15,535 per capita
$86,500
Home Value
$138,312 Zillow
$573
Median Rent
9.0% income on rent
60°F
Avg Temperature
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$41,250 median income, 3.9% unemployment
A+
Affordability
5.0 / 5.0
$86,500 home value, $573/mo rent
F
Education
1.2 / 5.0
2.6% bachelor's degree or higher
Housing Overview
Median Home Value
$86,500
69% below
US avg: $281,900
Median Rent
$573/mo
51% below
US avg: $1,163/mo
Homeownership Rate
85.9%
31% above US avg (65.4%)
Total Housing Units
337
Median year built: 1986
Home Value by Source
Census Median
$86,500
Zillow (ZHVI)
$138,312
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.9%
Owner-Occupied
14.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$573/mo
Affordability & Housing Stock
Rent Burden
9.0%
of renters spending 30%+ of income on housing
71% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
85.9%
Complete Housing Data
Home Values
| Census Median Value | $86,500 |
| Zillow Home Value (ZHVI) | $138,312 |
Rent
| Census Median Rent | $573 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
Ownership & Stock
| Owner-Occupied | 85.9% |
| Renter-Occupied | 14.1% |
| Homeownership Rate | 85.9% |
| Total Housing Units | 337 |
| Median Year Built | 1986 |
| Rent Burden | 9.0% |