Home Insurance in Palmer, Tennessee
With a median home value of $78,900, Palmer is 49% lower than the Grundy County median.
The typical home in Palmer was built around 1984. About 23% of homes were built before 1960, about 4 points above Grundy County's 19%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Palmer is 63% single-family homes and 37% mobile or manufactured homes.
24% of owner-occupied homes in Palmer carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Palmer has an owner-occupancy rate of 86% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Most homes in Palmer - 66% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Grundy County had 13 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively Moderate). See the full Grundy County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Tennessee carries a statewide average premium of $1,649 per year.
Key figures
| Median home value | $78,900 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 24% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Grundy County | 13 |
| Home insurance premium | $1,649 - 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)