Palmer, MA Real Estate
According to census data in the year 2000 there were 1,871 housing units in Palmer.
This represents a 0.5% decline from 1,881 in 1990.
Of those housing units, 1,684 were located in either urbanized areas or urban clusters, and 187 were located in what is classified as a rural area.
Homeownership rate in Palmer is about 48.9%.
Palmer's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Palmer were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 23.80% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 31.20% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $113,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.52 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $523 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 8.30% |
| Simple Mortgage | 58.50% |
| Debt Free | 28.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
