The housing market in Palmyra, UT is thriving, with a median home value of $472,900. This is well above the US house median value of $338,100 and also higher than the US 1 year appreciation rate of 8.27%. In Palmyra, UT, the 1 year appreciation rate for homes is an impressive 10.89%, indicating a steady and progressive growth in the local housing market. People looking to invest their money in property in Palmyra are likely to see good returns on their investment due to the current market conditions.
The median home cost in Palmyra is $472,900. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Palmyra is up 16.1%.
Average Age of Homes
- The median age of Palmyra real estate is 36 years old
The Rental Market in Palmyra
- Renters make up 35.1% 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.