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Palmer, TN
Full City Profile · Tennessee · Grundy County County
2.5
/5.0
C+
Fair
734
Population
149/sq mi density
$41,250
Median Income
$15,535 per capita
$86,500
Home Value
$134,112 Zillow
$573
Median Rent
9.0% income on rent
55°F
Avg Temperature
302 sunny days/yr
469
Violent Crime/100K
1,816 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$41,250 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$86,500 home value, $573/mo rent
F
Safety
1.0 / 5.0
469 violent crimes/100K (23% above avg)
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)
$134,112
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) | $134,112 |
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% |