Palmer, TX
Full City Profile · Texas · Ellis County County
3.0
/5.0
B
Good
2,449
Population
521/sq mi density
$87,379
Median Income
$29,376 per capita
$203,400
Home Value
$322,524 Zillow
$1,709
Median Rent
21.0% income on rent
66°F
Avg Temperature
38
Violent Crime/100K
269 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$87,379 median income, 8.1% unemployment
A+
Affordability
5.0 / 5.0
$203,400 home value, $1,709/mo rent
F
Safety
1.0 / 5.0
38 violent crimes/100K
C
Education
2.1 / 5.0
13.5% bachelor's degree or higher
Housing Overview
Median Home Value
$203,400
28% below
US avg: $281,900
Median Rent
$1,709/mo
47% above
US avg: $1,163/mo
Homeownership Rate
73.3%
12% above US avg (65.4%)
Total Housing Units
851
Median year built: 1986
Home Value by Source
Census Median
$203,400
Zillow (ZHVI)
$322,524
Redfin Median Sale
$310,000
Median Sale Price
$310,000
Median List Price
$290,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.3%
Owner-Occupied
26.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent:
$1,709/mo
Market Indicators (Redfin)
Median Sale Price
$310,000
Median Days on Market
66 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
23.1%
of listings with price reduction
Price Per Sq Ft
$183
Active Inventory
13
homes for sale
Affordability & Housing Stock
Rent Burden
21.0%
of renters spending 30%+ of income on housing
32% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
73.3%
Complete Housing Data
Home Values
| Census Median Value | $203,400 |
| Zillow Home Value (ZHVI) | $322,524 |
| Redfin Median Sale | $310,000 |
| Median Sale Price | $310,000 |
| Median List Price | $290,000 |
| Price Per Sq Ft | $183 |
Rent
| Census Median Rent | $1,709 |
| FMR Studio | $887 |
| FMR 1-Bedroom | $935 |
| FMR 2-Bedroom | $1,149 |
| FMR 3-Bedroom | $1,497 |
| FMR 4-Bedroom | $1,733 |
Market
| Days on Market | 66 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.1% |
| Homes Sold | 1 |
| Active Inventory | 13 |
| Price Per Sq Ft | $183 |
Ownership & Stock
| Owner-Occupied | 73.3% |
| Renter-Occupied | 26.7% |
| Homeownership Rate | 73.3% |
| Total Housing Units | 851 |
| Median Year Built | 1986 |
| Rent Burden | 21.0% |