Housing in Palmyra, ME is very affordable compared to the national average. The median value of a house comes in at $196,600, which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year appreciation rate for houses in Palmyra, ME is 16.46%, much higher than the US 1 year House Appreciation rate of 8.27%. This suggests that housing in Palmyra, ME could be a sound investment for those looking to buy a house or move into the area. All things considered, it appears that compared to other parts of the country, purchasing real estate in Palmyra, ME can be quite a bargain.
The median home cost in Palmyra is $196,600. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Palmyra is up 20.6%.
Average Age of Homes
- The median age of Palmyra real estate is 34 years old
The Rental Market in Palmyra
- Renters make up 7.4% 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.