The housing market in Palmyra, NY is strong with the median value currently sitting at $177,400. This is considerably lower than the US House Median Value of $338,100 however the 1 year house appreciation in Palmyra is much higher at 14.78% compared to 8.27% nationally. As such it appears that the housing market in Palmyra is a good investment and has been growing steadily over the past year.
The median home cost in Palmyra is $177,400. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Palmyra is up 15.3%.
Average Age of Homes
- The median age of Palmyra real estate is 58 years old
The Rental Market in Palmyra
- Renters make up 30.7% of the Palmyra population
- 1.4% 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.