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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 $235,739, lower than the New Jersey average of $496,577.
The average cost of rent is $1,665/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 28.48% of households rent, and 27.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $7,434 per month. Households that rent pay about 22.39% of their income on rent here. Palmyra’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Riverton, NJ: higher priced homes
- Pennsauken, NJ: equally priced homes
- Merchantville, NJ: equally priced homes
- Maple Shade, NJ: equally priced homes
- Delran, NJ: higher priced homes
- Riverside, NJ: higher priced homes
- Moorestown-Lenola, NJ: higher priced homes
- Cherry Hill Mall, NJ: higher priced homes
- Golden Triangle, NJ: higher priced homes
- Moorestown, NJ: higher priced homes
Cities with Similar Populations
- Sheppard Afb, TX: less expensive homes
- Jackson, CA: higher priced homes
- Jarrettsville, MD: higher priced homes
- Jasper, FL: less expensive homes
- Jemison, AL: less expensive homes
- Jena, LA: less expensive homes
- Jersey Village, TX: higher priced homes
- Jim Thorpe, PA: equally priced homes
- Joelton, TN: higher priced homes
- Roseland, NJ: higher priced homes
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