Is Palmer expensive?

Palmer, IA

State	Iowa
Population	150
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Palmer, IA

State

Population

150

Compared to its surrounding areas, Palmer is substantially less expensive, and it is a lot less expensive compared to the nation as a whole. Compared to the city of Ames, it is substantially less expensive.

Home prices

The median home in Palmer costs $26,300. This is about $41,080 (60%) lower compared to nearby areas.It is about $191,200 (87%) lower compared to the United States as a whole, and compared to the city of Ames is about $179,600 (87%) lower.

United States

Ames

Manson

Pocahontas

Fonda

Gilmore City

Pomeroy

Palmer

Comparison of median Palmer home price to nearby areas

Distribution of home prices for Palmer and nearby areas

Rents

Palmer's median rent is $579 per month. It is approximately $10 (1%) higher in comparison to other places in this area.Compared to the rest of the country it is roughly $483 (45%) lower, and compared to the city of Ames is about $351 (37%) lower.

United States

Ames

Pocahontas

Gilmore City

Manson

Palmer

Pomeroy

Fonda

Comparison of median Palmer rent to nearby areas

Distribution of rents for Palmer and nearby areas

Nearby places

Pomeroy

Pomeroy is about 6 miles southwest from Palmer. Real estate prices there are significantly more expensive. The median home in Pomeroy costs $53,600, which comes out to $27,300 (50%) higher than Palmer. Rent there is pretty similar. The median monthly rent in Pomeroy is $553, which comes out to $26 (4%) lower than Palmer.

Manson

Manson is about 7 miles south from Palmer. Its real estate prices are significantly more expensive. Manson's median home value is $92,200, which comes out to $65,900 (71%) higher than Palmer. Its rents are similar. In Manson the median rent is $579 a month, which is very similar to Palmer.

Pocahontas

Pocahontas is roughly 7 miles northwest from Palmer. Its housing prices are significantly more expensive. The median home in Pocahontas is valued at $77,300, which is $51,000 (65%) higher than Palmer. Rent there is fairly similar. In Pocahontas the median rent is $583 per month, which is very similar to Palmer.

Gilmore City

Gilmore City is roughly 9 miles northeast from Palmer. The housing prices there are a lot more expensive. Gilmore City's median home value is $53,800, which works out to $27,500 (51%) higher than Palmer. The rent there is fairly similar. The median monthly rent in Gilmore City is $580, which is very similar to Palmer.

Fonda

Fonda is approximately 11 miles west of Palmer. Real estate prices there are substantially more expensive. The cost of the median home in Fonda is $60,000, which comes out to $33,700 (56%) higher than Palmer. Its rents are somewhat less expensive. The median rent in Fonda is $549 a month, which is $30 (5%) lower than Palmer.