Palmer, TN Real Estate
According to census data in the year 2000 there were 338 housing units in Palmer.
This represents a 13.4% growth from 298 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 338 were located in what is classified as a rural area.
Homeownership rate in Palmer is about 92.2%.
Palmer's vacancy rate, including seasonal lodging, is about 8.6%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Palmer were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 5.90% |
| Two Bedrooms | 40.50% |
| Three Bedrooms | 45.60% |
| Four Bedrooms | 4.40% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $38,700 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 31.30% |
| Debt Free | 60.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
