The median home in Palmer, Illinois is valued at $115,614, up 13.8% year over year. Palmer is part of the Taylorville, IL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Taylorville, IL stress score, crash risk, and 12-month forecast →

Home Value$115,614

+13.8%

AFFORDABILITY

Enter your income for Palmer.

Income (annual)

Down Payment

$23,123 on $115,614

Affordable — 15.2% of income

Under the 28% guideline.

PITI$949

P/I15.2%

Afford$213K

Room+$98K

P&I $585Tax $215Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Palmer with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Taylorville, IL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Taylorville, IL metro.

View Taylorville, IL metro →

PALMER, IL