The housing market in Palmyra, MO is vibrant and growing. The median value of homes in the area is $192,500, which is significantly lower than the US median value of $338,100. Furthermore, while the US has seen an appreciation of 8.27% in house prices over the last year, Palmyra has seen an even higher appreciation rate of 13.45%. This suggests that this area provides a great opportunity for potential homebuyers looking to purchase property at a relatively low cost and with strong potential for return on investment.
The median home cost in Palmyra is $192,500. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Palmyra is up 17.1%.
Average Age of Homes
- The median age of Palmyra real estate is 44 years old
The Rental Market in Palmyra
- Renters make up 27.8% of the Palmyra population
- 2.3% 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.