Home Insurance in Palmer, Nebraska
Homes in Palmer carry a median value of $123,900 - 30% lower than the Merrick County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Palmer was built around 1946. About 61% of homes were built before 1960, about 18 points above Merrick County's 43%.
Housing in Palmer breaks down to 97% single-family homes and 3% mobile or manufactured homes.
In Palmer, about 46% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 81% of occupied homes in Palmer are owner-occupied.
Most homes in Palmer - 63% - are primarily heated with natural gas.
FEMA rates Merrick County's overall risk as Relatively Low, led by hail (Relatively High). Merrick County had 63 active NFIP flood policies as of September 2026. See the full Merrick County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Nebraska is $2,142 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $123,900 |
|---|---|
| Median year built | 1946 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 46% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Merrick County | 63 |
| Home insurance premium | $2,142 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)