Photo: Balcer · CC BY 2.5Home values in Palmerston run 28% lower than the median of Ontario’s towns
At the 2021 census the median home was worth $500,000, where Ontario’s towns sit at $695,000. The values date from May 2021 and are what owners thought their homes were worth, not sale prices. No sales are published for towns in Ontario, Palmerston included, so owners’ values are the measure.
What Palmerston’s homes are worth, two ways
Each source sits beside its own median for Ontario’s towns; none compares across provinces, which value homes in their own ways. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
median, owners’ estimate
- Average
- $533K
- Owners
- 2,445
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Palmerston’s detached houses are assessed 13% below the median of Ontario’s towns
The 2024 assessment roll counts 3,120 homes in Palmerston, detached houses 85% of them.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
An older stock than most: 40% of Palmerston’s homes go back before 1961 (Ontario’s towns: 22%)
The 2021 census counted 3,415 occupied homes in Palmerston; 79% of them are single-detached houses.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Palmerston | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 2% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 3% | 5% | 3% |
| Households in core housing need | 3% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Building ahead of Ontario’s towns: 19.2 new homes a year per 1,000 in Palmerston, against 15
Some 65 homes a year: 391 in all were permitted in Palmerston from 2018 to 2023. 43% were single-unit buildings and the rest multi-unit ones, against 66% for Ontario’s towns.
Most in 2022: 110 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Palmerston against Ontario’s towns: 28% under the $695,000 median
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Palmerston: Howick
The places around Palmerston at the 2021 census: median and average value, and how many own. The nearest places to Palmerston with figures are 19–30 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Palmerston | $500K | $533K | 76% | |
| Howick | $452K | $507K | 84% | 18.6 |
| Mount Forest | $500K | $548K | 74% | 20.2 |
| Listowel | $500K | $566K | 71% | 22.1 |
| Drayton | $695K | $723K | 86% | 24 |
| Durham | $500K | $606K | 86% | 29.5 |
Census 2021 values; km.
Questions about property prices in Palmerston
How many households in Palmerston are in core housing need?
Fewer than most: 3% of households in Palmerston, where Ontario’s towns sit at 9%.
Is Palmerston expensive for Ontario?
On census values, Palmerston sits among the cheaper of Ontario’s towns (median $695,000).
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).