Texas · Census place 54744
Palmer town, TX
Quick answer
Palmer town has 2,449 residents, ranking #662 of 1863 places in Texas. Median household income is $87,379, the median home is worth $203,400 and median gross rent runs $1,709 a month.
- Population
- 2,449Palmer town residents
- Median household income
- $87,379Past 12 months, inflation adjusted
- Median home value
- $203,400Owner-occupied units
- Median gross rent
- $1,709Rent plus utilities, monthly
- Median age
- 31.4 yrsAll residents
- Homeownership rate
- 73.3%Owner-occupied households
What the numbers mean in Palmer town
Housing cost measured against local earnings.
A household earning the Palmer town median would spend about 23.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.3% of residents and 73.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Texas.
- Jonestown city 2,462
- Italy town 2,460
- Tahoka city 2,455
- Sheldon CDP 2,449
- Junction city 2,439
- Plum Grove city 2,425
- Garfield CDP 2,424
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