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Affordable
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These days, finding an affordable place to live in the Palmyra area can be challenging. Home prices in Palmyra are now at a median cost of $123,908, lower than the Arkansas average of $207,061.
The average cost of rent is $875/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 22.11% of households rent, and 57.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $5,149 per month. Households that rent pay about 17.00% of their income on rent here. Palmyra’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Star City, AR: equally priced homes
- Glendale, AR: equally priced homes
- Relfs Bluff, AR: higher priced homes
- Nebo, AR: less expensive homes
- Pansy, AR: higher priced homes
- Crigler, AR: equally priced homes
- Rye, AR: higher priced homes
- Randall, AR: equally priced homes
- Tarry, AR: less expensive homes
- Rison, AR: higher priced homes
Cities with Similar Populations
- Horse Pasture, VA: equally priced homes
- South Basehor, KS: higher priced homes
- South Alburg, VT: higher priced homes
- Soul City, NC: higher priced homes
- Smith Hill, AL: equally priced homes
- Indian Springs, MD: higher priced homes
- Hustontown, PA: higher priced homes
- Huntsboro, NC: higher priced homes
- Hubert, GA: higher priced homes
- Howley, TN: higher priced homes
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