The housing market in Palmyra, NJ is quite vibrant. The median value of a house in Palmyra is $235,800 which is much lower than the US median value of $338,100. However, the 1 year house appreciation rate for Palmyra has been higher than the national average at 15.62% compared to 8.27%. This indicates that the housing market in Palmyra is quite strong and could be a good investment opportunity going forward.
The median home cost in Palmyra is $235,800. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Palmyra is up 18.1%.
Average Age of Homes
- The median age of Palmyra real estate is 63 years old
The Rental Market in Palmyra
- Renters make up 17.8% of the Palmyra population
- 0.8% of houses and apartments in Palmyra, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.