Expensive
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 $209,836, lower than the Missouri average of $246,641.
The average cost of rent is $773/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 24.80% of households rent, and 51.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $6,382 per month. Households that rent pay about 12.12% of their income on rent here. Palmyra’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodland, MO: higher priced homes
- West Ely, MO: equally priced homes
- Withers Mill, MO: equally priced homes
- Taylor, MO: higher priced homes
- Rensselaer, MO: less expensive homes
- West Quincy, MO: higher priced homes
- Hannibal, MO: less expensive homes
- Maywood, MO: less expensive homes
- Philadelphia, MO: less expensive homes
- Ralls, MO: equally priced homes
Cities with Similar Populations
- Windom, MN: less expensive homes
- Higginsville, MO: less expensive homes
- Wilmer, TX: less expensive homes
- Hidden Valley Lake, CA: higher priced homes
- Wind Gap, PA: higher priced homes
- Herculaneum, MO: higher priced homes
- Windcrest, TX: higher priced homes
- Henniker, NH: higher priced homes
- Hendron, KY: equally priced homes
- Highwood, IL: higher priced homes
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