House Prices

House Prices & Home Values Palmer, MI 2026


Average Data

average house price$69,900
average size per house1113 ft²
average price per ft²63 $ / ft²

04/19/2026 - The value range (VR) for house prices in Palmer, MI is $63/ sqft to $63/ sqft. An average home with 1113 sqft costs approximately $70,119 to $70,119. Palmer, MI includes 1 ZIP codes and it is located in Marquette county. The lowest prices are found in ZIP 49871, while the highest are in ZIP 49871. The average price per sqare feet is $63. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Palmer

4987161 $ / ft²




Historical development of home values in Palmer

Year Estimated value (USD) Change vs. 2025
2010 $32,463 -53.6%
2011 $31,207 -55.4%
2012 $31,123 -55.5%
2013 $32,287 -53.8%
2014 $33,892 -51.5%
2015 $35,632 -49.0%
2016 $37,491 -46.4%
2017 $39,515 -43.5%
2018 $41,699 -40.3%
2019 $43,633 -37.6%
2020 $45,888 -34.4%
2021 $52,193 -25.3%
2022 $60,846 -13.0%
2023 $64,164 -8.2%
2024 $67,876 -2.9%
2025 $69,900 0.0%

Graph: estimated home values in Palmer over time (USD)



Example: 100% financing house in Palmer

Loan amount: $69,900

Interest rate: 6.00%

Fixed monthly payment: $419.09

Breakdown in the 1st month:
Interest portion: $349.50  –  Principal portion: $69.59

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $4,170.65 $858.38 $69,041.62
2 $4,117.71 $911.32 $68,130.30
3 $4,061.50 $967.53 $67,162.76
4 $4,001.82 $1,027.21 $66,135.56
5 $3,938.47 $1,090.56 $65,045.00
6 $3,871.20 $1,157.83 $63,887.17
7 $3,799.79 $1,229.24 $62,657.93
8 $3,723.97 $1,305.06 $61,352.88
9 $3,643.48 $1,385.55 $59,967.33
10 $3,558.02 $1,471.01 $58,496.32
11 $3,467.30 $1,561.73 $56,934.59
12 $3,370.97 $1,658.06 $55,276.53
13 $3,268.71 $1,760.32 $53,516.21
14 $3,160.13 $1,868.90 $51,647.31
15 $3,044.86 $1,984.17 $49,663.14
16 $2,922.48 $2,106.55 $47,556.60
17 $2,792.56 $2,236.47 $45,320.12
18 $2,654.62 $2,374.41 $42,945.71
19 $2,508.17 $2,520.86 $40,424.85
20 $2,352.69 $2,676.34 $37,748.51
21 $2,187.62 $2,841.41 $34,907.09
22 $2,012.36 $3,016.67 $31,890.43
23 $1,826.30 $3,202.73 $28,687.70
24 $1,628.77 $3,400.26 $25,287.43
25 $1,419.04 $3,609.99 $21,677.45
26 $1,196.39 $3,832.64 $17,844.81
27 $960.00 $4,069.03 $13,775.78
28 $709.03 $4,320.00 $9,455.78
29 $442.58 $4,586.45 $4,869.33
30 $159.70 $4,869.33 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Palmer, MI


1500 sqft3900 sqft
Ø selling price$114,346$243,244
Ø fast selling$103,951$218,919
Ø high price sale$124,741$267,568

In 2026, houses in Palmer, MI will be offered at an average price of $63 per square foot. A 1,500 sqft home priced at $114,346 is 22.22% more expensive per square foot than a 3,900 sqft home priced at $243,244. Home prices in Palmer, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $168,399. Sellers who can wait longer may achieve a higher price of up to $205,822.


Discover Palmer, MI

Overview

Palmer, MI is a small community in Marquette County in Michigan?s Upper Peninsula, known for its iron mining heritage and friendly, down?to?earth vibe.
Set amid forests and lakes, Palmer Michigan offers a quiet base close to the services and culture of nearby Marquette.

Outdoor Recreation

Residents and visitors enjoy four?season outdoor recreation, from hiking and biking in summer to snowshoeing and snowmobiling in winter.
Nearby trails, fishing spots, and scenic overlooks make Palmer a convenient gateway to classic Upper Peninsula adventures.

History and Culture

The town?s roots trace to the iron range, and you can feel that heritage in local stories, architecture, and community pride. Annual gatherings, cozy diners, and independent shops foster a welcoming community atmosphere that defines daily life.

Living and Real Estate

Housing in Palmer Michigan tends to be affordable, with a mix of historic homes and practical modern options for a range of budgets. Quiet streets, nearby schools, and access to regional employers appeal to families, retirees, and outdoor?focused professionals.

Travel and Practical Info

Palmer, MI sits a short drive from major regional highways and the Marquette?area commercial airport, making travel straightforward year?round. If you?re planning a visit or a move, explore local services, trail maps, and events to make the most of this Upper Peninsula gem.



FAQ – Home Values in Palmer

What is the median home value in Palmer in 2026?

In 2026, the typical home value in Palmer is about $69,900 for an average home size of 1113 square feet. This corresponds to an average price of roughly $63 per square foot.

What is the average cost per square foot in Palmer?

In 2026, homes in Palmer sell for an average of around $63 per square foot, with a typical range between $63 and $63 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Palmer is about 1113 square feet, with an estimated 2026 value around $69,900.



Locations close to Palmer, MI

Perkins, MI181 $ / ft²
Perronville, MI140 $ / ft²
Powers, MI51 $ / ft²
Norway, MI69 $ / ft²
Newberry, MI90 $ / ft²
Negaunee, MI134 $ / ft²
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