Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.3 yrs |
|---|---|
| Avg HH Size | 3.05 |
| Below Poverty | 7.6% ▼ 24% below avg |
| College Grads | 27.8% ▼ 28% below avg |
| Unemployment | 5.4% ▲ 10% above avg |
| No HS Diploma | 106 (3.3%) |
| HS Graduate | 1,134 (34.8%) |
| Some College | 559 (17.2%) |
| Associates | 554 (17%) |
| Bachelors | 360 (11%) |
| Graduate Degree | 546 (16.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $96,071 ▲ 26% above avg |
|---|---|
| Median Home Value | $240,900 ▼ 14% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $1,663/mo |
| Total Housing Units | 1,987 |
| Vacant Units | 163 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Palmer is a city in Texas, located in Ellis County. The city spans 1 ZIP code and is home to approximately 5,563 residents. It is a relatively young city, with a median age of 37.3 years.
Economically, Palmer is a middle-income community. The median household income of $96,071 is above the national average. Approximately 7.6% of residents live below the poverty line. The unemployment rate is 5.4%, near the national average.
The real estate market in Palmer is an affordable housing market. Median home values stand at $240,900, which is near the national average. Renters typically pay around $1,663 per month. Homeownership is high at 86.9%, typical of suburban and family-oriented communities.
The population of Palmer is moderately educated. 27.8% of adults hold a bachelor's degree or higher — below the national average. The community is majority White (60.76%).
Palmer, TX offers residents above-average earning potential within Texas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 75152 | 5,563 | $96,071 | $240,900 | $1,663 | 5.4% | 27.8% | 86.9% |