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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 $102,214, lower than the North Carolina average of $323,314.
The average cost of rent is $873/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 30.88% of households rent, and 61.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $4,702 per month. Households that rent pay about 18.57% of their income on rent here. Palmyra’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hobgood, NC: equally priced homes
- Oak City, NC: equally priced homes
- Speed, NC: higher priced homes
- Scotland Neck, NC: equally priced homes
- Roseneath, NC: higher priced homes
- Norfleet, NC: equally priced homes
- Lawrence, NC: higher priced homes
- Hassell, NC: less expensive homes
- Lewiston Woodville, NC: less expensive homes
- Woodville, NC: less expensive homes
Cities with Similar Populations
- Norway Ridge, WI: higher priced homes
- Ohio City, CO: higher priced homes
- Oglesville, MO: less expensive homes
- Ocean View, HI: higher priced homes
- Obernburg, NY: higher priced homes
- Oak Point, NY: higher priced homes
- Nough, TN: higher priced homes
- Norwood, VA: higher priced homes
- Norwich, IA: higher priced homes
- Oilfield, IL: higher priced homes
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