Top destinations in Alaska for military residency
Palmer is the borough seat of the Matanuska-Susitna Borough in the U.S. state of Alaska. It is part of the Anchorage Metropolitan Statistical Area. From the majestic Pioneer and Twin Peaks in the Chugach Range to the Talkeetna Mountains in South central Alaska, Palmer is framed in breathtaking beauty. Located 42 miles northeast of Anchorage on the Glenn Highway in the Matanuska Valley, the city’s unique history and heritage are unparalleled in the state.
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Palmer Real Estate Market Facts
$193,200 Median Property Value
$920 Median Rent asked
57.6% of the housing units in Palmer, AK are occupied by their owner.
2.8 People per home
Above is a snapshot look at the real estate market in Palmer, AK. In Palmer, AK, the median house price is $193,200. Palmer, AK has a median rent price of $920. A studio type apartment will cost $980, one bedroom will cost $1161 and two bedrooms around $1320 on average. 57.6% of the housing units in Palmer, AK are occupied by their owner. This is lower than the national average of 63.9%. The average amount of people who reside in each home is 2.8. Palmer, AK has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Palmer, AK real estate for sale.
Palmer Home Affordability
The largest share of households in Palmer, AK pay $2k-$3k in property taxes.
3.1x Home price to income ratio
When looking for real estate in Palmer, AK, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Palmer, AK, the median price of a home is $193,200 and $61,797 is the median household income. This means that the home price to income ratio is 3.1x. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Palmer, AK will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. Give us a call today 1 907 230 1992 and let us assist you on looking for that affordable home.
Quick Searches for Palmer, AK Real Estate
Click on any of the house icons on the map below to view all of the available homes for sale nearby Palmer.
This section arranges the homes by prices. Simply use the links below to narrow down your home search to the areas near Palmer. If you have any questions about the information provided on this page, please feel free to call or text directly at 907 230-1992. We’re here to help whenever you need us.