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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 $297,161, higher than the Pennsylvania average of $288,156.
The average cost of rent is $1,303/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 28.52% of households rent, and 38.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $8,704 per month. Households that rent pay about 14.97% of their income on rent here. Palmyra’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Campbelltown, PA: higher priced homes
- Syner, PA: higher priced homes
- Annville, PA: equally priced homes
- Hershey, PA: higher priced homes
- Mount Wilson, PA: higher priced homes
- Union Water Works, PA: higher priced homes
- Deodate, PA: higher priced homes
- Hummelstown, PA: higher priced homes
- Fort Indiantown Gap, PA: higher priced homes
- Grantville, PA: higher priced homes
Cities with Similar Populations
- Rensselaer, NY: less expensive homes
- Howard, WI: equally priced homes
- Hudson, MA: higher priced homes
- Ionia, MI: less expensive homes
- Iselin, NJ: higher priced homes
- Jackson, GA: less expensive homes
- Jacksonville, AL: less expensive homes
- Jacksonville, IL: less expensive homes
- Jasmine Estates, FL: less expensive homes
- Jollyville, TX: higher priced homes
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