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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 $211,922, lower than the Indiana average of $232,932.
The average cost of rent is $789/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 14.66% of households rent, and 42.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $5,673 per month. Households that rent pay about 13.90% of their income on rent here. Palmyra’s most expensive areas are in the eastern 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
- New Salisbury, IN: equally priced homes
- Fredericksburg, IN: equally priced homes
- Greenville, IN: higher priced homes
- Ramsey, IN: higher priced homes
- Depauw, IN: equally priced homes
- Pekin, IN: less expensive homes
- Galena, IN: higher priced homes
- New Pekin, IN: less expensive homes
- Crandall, IN: higher priced homes
- Borden, IN: higher priced homes
Cities with Similar Populations
- San Augustine, TX: less expensive homes
- Spencer, WI: less expensive homes
- Rienzi, MS: less expensive homes
- Richmond, VT: higher priced homes
- Sheffield, OH: higher priced homes
- Saxon, SC: less expensive homes
- Samson, AL: less expensive homes
- Somerville, TX: less expensive homes
- Shavano Park, TX: higher priced homes
- Rogers City, MI: less expensive homes
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