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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 $308,508, lower than the Virginia average of $443,089.
The average cost of rent is $1,302/mo in Palmyra, primarily driven by the current value of real estate in the Palmyra area. In Palmyra, 11.42% of households rent, and 35.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palmyra is $7,187 per month. Households that rent pay about 18.12% of their income on rent here. Palmyra’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wildwood, VA: equally priced homes
- Cunningham, VA: equally priced homes
- Wilmington, VA: less expensive homes
- Lake Monticello, VA: equally priced homes
- Troy, VA: higher priced homes
- Dixie, VA: less expensive homes
- Fork Union, VA: less expensive homes
- Stage Junction, VA: less expensive homes
- Zion Crossroads, VA: higher priced homes
- Kents Store, VA: equally priced homes
Cities with Similar Populations
- Maggie Valley, NC: equally priced homes
- Granite Quarry, NC: less expensive homes
- Memphis, MI: equally priced homes
- Mayo, FL: less expensive homes
- Las Animas, CO: less expensive homes
- Valdez, AK: equally priced homes
- Sublimity, OR: higher priced homes
- St. Johns, AZ: less expensive homes
- Scottville, MI: less expensive homes
- River Falls, AL: less expensive homes
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