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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 $166,955, lower than the Maine average of $330,167.
The average cost of rent is $747/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 17.67% of households rent, and 57.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $5,107 per month. Households that rent pay about 14.62% of their income on rent here. Palmyra’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Palmyra, ME: equally priced homes
- Newport, ME: higher priced homes
- Waverley, ME: higher priced homes
- Pittsfield, ME: equally priced homes
- Detroit, ME: less expensive homes
- Hartland, ME: less expensive homes
- St. Albans, ME: higher priced homes
- North Newport, ME: higher priced homes
- East Newport, ME: higher priced homes
- Corinna, ME: equally priced homes
Cities with Similar Populations
- Marshall, WA: higher priced homes
- Sellers, SC: less expensive homes
- Seadrift, TX: higher priced homes
- Oakwood, VA: less expensive homes
- Montville, OH: higher priced homes
- Meridian Hills, IN: higher priced homes
- Melrose, NY: higher priced homes
- Masonville, KY: higher priced homes
- Martin, SD: less expensive homes
- South Range, WI: higher priced homes
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