Market Overview
Home Prices in Palmer, AK
The median home value in Palmer, AK is $440,883 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.2% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palmer are priced8% above average. Palmer is part of the Anchorage, AK metro area.
Over the past five years, Palmer home values have risen by approximately31.0%, reflecting strong long-term appreciation in this market.
Price History
Palmer Home Price Trend
City Comparison
Palmer vs. National Median
At $440,883, homes in Palmer cost 8% above the national median of $410,000. Buyers in Palmer should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Palmer?
20% Down Payment
$88,177
on $440,883
Monthly P&I
$2,299/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,920/mo
incl. taxes & insurance
Income Needed
$116,800
gross annual (30% rule)
10% Down Option
$44,088
+ PMI applies
Loan Amount (20% dn)
$352,706
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Palmer, AK?
The median home value in Palmer is $440,883 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.2% year-over-year.
How much have home prices changed in Palmer?
Over the past year, home values in Palmer have increased by 11.2%. Over five years, prices have risen approximately 31.0%.
How much do I need to earn to buy a home in Palmer?
To comfortably afford the median home price of $440,883 with a 20% down payment ($88,177) at today's rates (6.8%), you'd need a gross annual income of approximately $116,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Palmer compare to the national average home price?
The national median home value is approximately $410,000. At $440,883, homes in Palmer are 8% above the national average.
What metro area is Palmer part of?
Palmer is part of the Anchorage, AK metropolitan area. Home prices and market conditions can vary across the broader metro region.