City:

Palmer, NE

Palmer is a city in the state of nebraska with a population of roughly 1,212. It is in Merrick County, Nebraska the Grand Island, NE core-based statistical areas (CBSA), Its Zip codes include 68864 .

The Rise and Fall of Palmer Home Prices

Palmer, Nebraska is a small town located in the heart of the Nebraska Sandhills. The population of Palmer was just over 1,000 in 2010 and has been steadily declining since then. The town's economy is based largely on agriculture and real estate.

Real estate in Palmer is dominated by single-family homes. There are a few multi-unit buildings, but they are mostly small apartments or condos. The average price for a single-family home in Palmer was $114,000 in 2016. The median price for all housing units was $104,500 that year.

The majority of homes in Palmer were built between 1970 and 1990. There has been an uptick in home construction recently, but it's still relatively low compared to other towns of similar size across the United States. This may be due to the fact that there are not many jobs available in Palmer or because people are choosing to live elsewhere because of the high cost of living there.

Price Index: Grand Island, NE

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