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 $363,900, higher than the Utah average of $361,191.
The average cost of rent is $1,364/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. While nearly 31.43% of residents own their homes outright in Palmyra, 44.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $5,376 per month. Households that rent pay about 25.37% 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.
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: higher 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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