There are currently 1,874 real estate properties in Palmer, TX, with a median automated valuation model (AVM) price of $223,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palmer, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palmer, TX, is $253,867.00, with the most expensive house in Palmer, TX, topping out at $1,838,200.00 and the cheapest home in Palmer, TX, clocking in at $83,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmer, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmer, TX, is on a rollercoaster ride. The average rent price in Palmer, TX, is $1,419.00. Indeed, when looking to rent in Palmer, TX, you can expect to pay as little as $700.00 or as much as $3,720.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Palmer, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Palmer, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Palmer, TX and much more. Save thousands at closing with home foreclosure listings in Palmer, TX — up to 75% off market value!
Palmer is located in Ellis, Texas, with an estimated municipal population of 2,123 residents. All of the best foreclosed homes for sale in Palmer are located in the following zip code areas on Foreclosure.com: 75152. The estimated population per square kilometer (.62 miles) in Palmer is 263.
So, about how much do homes cost in Palmer? The most recent median value of resident-owned homes in Palmer is 92,833. An estimated 71.1 percent of households in Palmer own their homes, with an average family size of 3.57. The median household income in Palmer is 56,250, with13.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Palmer, the median commute time of resident workers (in minutes) is 29.5. And last, but certainly not least, are you looking for homes to rent in Palmer? If so, the average rent price paid by renters in Palmer is 1,034, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Palmer, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Palmer is 32.3, split between 50.8 percent male versus 49.2 female. The percentage of residents who report being married in Palmer is 49.7, with an average family size of 3.57.
The percentage of residents who report their race in Palmer is as follows:
|Black / African American||2.5%|
|American Indian / Alaskan Native||2.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Palmer? Or maybe you are searching for 55+ active adult communities in and/or near Palmer?
The percentage of residents who report their age in Palmer is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Palmer with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Palmer.
How do you know that living in -- or moving to -- Palmer is right where you need to be? Perhaps you grew up in Palmer or already live nearby; therefore, the decision to buy a home in Palmer is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Palmer for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Palmer:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Palmer.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Palmer can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Palmer, meanwhile, can field multiple offers from more qualified buyers.