Home Price Key
Affordable
Average
Expensive
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 $127,819, lower than the Michigan average of $196,062.
The average cost of rent is $898/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. While nearly 42.16% of residents own their homes outright in Palmyra, 15.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $5,961 per month. Households that rent pay about 15.06% of their income on rent here. Palmyra's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Fairfield, MI: equally priced homes
- Holloway, MI: higher priced homes
- Blissfield, MI: higher priced homes
- Adrian, MI: equally priced homes
- Wellsville, MI: higher priced homes
- Ogden Center, MI: higher priced homes
- Jasper, MI: equally priced homes
- Ridgeway, MI: higher priced homes
- Deerfield, MI: higher priced homes
- Riga, MI: higher priced homes
Cities with Similar Populations
- Allons, TN: less expensive homes
- Woodstock Valley, CT: higher priced homes
- Thor, SC: less expensive homes
- Carlsbad, TX: higher priced homes
- Callao, VA: higher priced homes
- Broaddus, TX: less expensive homes
- Athena, OR: higher priced homes
- Arlington, GA: less expensive homes
- Mont Clare, PA: higher priced homes
- Middle Point, OH: equally priced homes
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