Commercial Real Estate Market in Palmer, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 157 off-market properties in Palmer, TX.
Market Trends
Palmer, TX spans 41.1 square miles in Ellis County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palmer, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Palmer, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Palmer, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Palmer, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 48.7%
- Commercial 30%
- Planned_development 13%
- Special 4.7%
- Industrial 3%
- Agricultural 0.1%
Largest Zones share of zoned land by district
Commercial 2
Residential 2 Single Family
Residential 3 Single Family
Residential 4 Single Family
Residential 3 Single Family And Planned Development Overlay
Palmer, TX zones 1,765 acres across 16 districts. Commercial zoning covers 30% of zoned land, residential 48.7% and industrial 3%. The largest single district is Commercial 2 at 29.5%. For commercial buyers the practical constraint is that only 32.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Palmer, TX has 5,820 residents in 1,987 households. Density runs 142 people per square mile. Median household income here is $96,071 and median gross rent $1,663 a month.
5,820
Population
1,987
Households
2.9
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
41.1 sq mi
ZIP Area
142
Density / Sq Mi
$96,071
Median Household Income
$45,527
Median Earnings
$1,663
Median Rent
$240,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ferris | — | — |
| Ennis | — | $11.07 |
| Waxahachie | — | $6.45 |
| Red Oak | — | $22.04 |
Commercial property in Palmer, TX asks $21,158/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmer?
Commercial property in Palmer, TX asks an average of $21,158 per square foot.
What zoning applies to commercial property in Palmer?
Palmer, TX zones 1,765 acres across 16 districts, of which 30% is commercial and 3% industrial. The largest single district is Commercial 2 at 29.5% of zoned land. Residential zoning covers 48.7% and open space 0%.
Where does Realmo's Palmer market data come from?
Realmo compiles Palmer, TX figures from 27 active sale listings, 1 active lease listings, 157 tracked off-market properties, the current Palmer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 1 active for-lease listings in Palmer, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,765 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
