68864
Palmer, Nebraska.
Palmer, Merrick County, NE · Grand Island, NE metro · population 958
to buy the typical home at today's mortgage rate — +$889 (+155%) since Jan 2020.
- 1 year
- Up $10,626 +4%
- $268,153$278,780 since Sep 2025
- 5 years
- Up $87,988 +46%
- $190,791$278,780 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 68864$1,463
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in zip 68864 rose 4.0% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Merrick County, NE 38% · Nance County, NE 37% · Howard County, NE 25%
Zillow also publishes an index for the city itself: Palmer, NE — measured over the city limits, which is a different area from this zip.
Typical home value — 68864
Mid-tier homes, smoothed and seasonally adjusted.
- 68864$278,780
- Grand Island$255,025
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 11.0 | 68873 | Saint Paul | 3,785 | — | $257,963 |
| 12.5 | 68872 | Saint Libory | 992 | — | $359,451 |
| 13.3 | 68826 | Central City | 3,944 | — | $205,779 |
| 14.1 | 68882 | Wolbach | 401 | — | $189,392 |
| 14.2 | 68623 | Belgrade | 356 | — | $121,071 |
| 15.0 | 68638 | Fullerton | 1,664 | — | $151,808 |
| 15.4 | 68827 | Chapman | 761 | — | $312,834 |
| 19.0 | 68831 | Dannebrog | 705 | — | $311,541 |
| 19.9 | 68627 | Cedar Rapids | 802 | — | $244,156 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.