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 $153,996, lower than the Tennessee average of $218,916.
The average cost of rent is $646/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. While nearly 52.80% of residents own their homes outright in Palmyra, 13.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $6,334 per month. Households that rent pay about 10.20% of their income on rent here. Palmyra's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Round Pond, TN: higher priced homes
- Louise, TN: higher priced homes
- Needmore, TN: equally priced homes
- Cunningham, TN: higher priced homes
- Woodlawn, TN: higher priced homes
- Cumberland City, TN: less expensive homes
- Oakwood, TN: higher priced homes
- Throckmorton, TN: less expensive homes
- Cumberland Furnace, TN: equally priced homes
- Liverwort, TN: higher priced homes
Cities with Similar Populations
- Shalersville, OH: higher priced homes
- Haines, AK: higher priced homes
- Jamesport, MO: less expensive homes
- Jenkins, KY: less expensive homes
- Kingsley, IA: higher priced homes
- Lacygne, KS: less expensive homes
- Augusta, AR: less expensive homes
- Lorida, FL: less expensive homes
- Malaga, NJ: higher priced homes
- Marble Hill, GA: higher priced homes
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