The housing market in Palmyra, IN is showing positive growth. The median value of homes in Palmyra is $192,800, which is considerably lower than the national median value of $338,100. Despite this disparity, Palmyra has seen an impressive 1-year house appreciation of 13.41%, much higher than the US 1-year house appreciation rate of 8.27%. This indicates that the housing market in Palmyra is rapidly developing and could be an excellent investment opportunity for those looking to purchase a home there.
The median home cost in Palmyra is $192,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Palmyra is up 15.2%.
Average Age of Homes
- The median age of Palmyra real estate is 41 years old
The Rental Market in Palmyra
- Renters make up 38.2% of the Palmyra population
- 0.0% 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.