Home prices
The median home in Palmer is valued at $62,900. This is about $69,820 (52%) lower in comparison to nearby areas.It is about $154,600 (71%) lower in comparison to the rest of the country, and in comparison to the city of Marquette it is roughly $124,400 (66%) lower.
Rents
In Palmer the median rent is $625 per month. In comparison to its nearby areas it is roughly $75 (10%) lower.It is approximately $437 (41%) lower in comparison to the United States as a whole, and is roughly $170 (21%) lower compared to the city of Marquette.
Nearby places
Negaunee
Negaunee is about 3 miles north from Palmer. Real estate prices there are substantially more expensive. Negaunee's median home cost is $116,700, which works out to $53,800 (46%) higher than Palmer. Rent there is fairly similar. The median monthly rent in Negaunee is $639, which is $14 (2%) higher than Palmer.
Ishpeming
Ishpeming is about 4 miles northwest of Palmer. Its housing prices are somewhat more expensive. The cost of the median home in Ishpeming is $86,400, which comes out to $23,500 (27%) higher than Palmer. Rents there are somewhat less expensive. Ishpeming's median rent is $512 a month, which works out to $113 (22%) lower than Palmer.
West Ishpeming
West Ishpeming is approximately 6 miles northwest of Palmer. The housing prices there are significantly more expensive. The median home in West Ishpeming costs $122,500, which works out to $59,600 (48%) higher than Palmer. Its rents are somewhat more expensive. In West Ishpeming the median rent is $721 a month, which works out to $96 (13%) higher than Palmer.
Trowbridge Park
Trowbridge Park is approximately 8 miles northeast of Palmer. Its housing prices are significantly more expensive. The median home in Trowbridge Park costs $163,600, which comes out to $100,700 (61%) higher than Palmer. The rent there is a lot more expensive. In Trowbridge Park the median rent is $961 a month, which works out to $336 (34%) higher than Palmer.
Harvey
Harvey is about 9 miles east of Palmer. Housing prices there are substantially more expensive. The median home in Harvey costs $174,400, which is $111,500 (63%) higher than Palmer. Rent there is a little more expensive. The median monthly rent in Harvey is $666, which comes out to $41 (6%) higher than Palmer.
