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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 $481,100, lower than the Utah average of $525,914.
The average cost of rent is $1,721/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 57.39% of households rent, and 22.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $6,195 per month. Households that rent pay about 27.78% of their income on rent here. Palmyra’s most expensive areas are in the central 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
- Lake Shore, UT: higher priced homes
- Springville, UT: equally priced homes
- Spanish Fork, UT: equally priced homes
- Mapleton, UT: higher priced homes
- Provo, UT: higher priced homes
- Salem, UT: higher priced homes
- Payson, UT: less expensive homes
- Orem, UT: equally priced homes
- Elk Ridge, UT: higher priced homes
- Vineyard, UT: equally priced homes
Cities with Similar Populations
- Renrock, OH: less expensive homes
- North Sanford, NY: less expensive homes
- North Springs, TN: less expensive homes
- North Welton, IA: less expensive homes
- Northcote, MN: less expensive homes
- Northgate, ND: less expensive homes
- Notre Dame, ME: less expensive homes
- Oak Grove, MS: less expensive homes
- Oaklevel, AL: less expensive homes
- Olympia, SC: less expensive homes
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