Zip 62674 (Palmyra, IL) Housing

The housing market in Palmyra, IL (zip code 62674) is considerably lower than the US median value at $89,800. However, this area is still showing healthy growth with a 1 year house appreciation rate of 6.36%, which is still above the national average of 8.27%. Therefore, for those looking to purchase a home in this area, they can expect to get a good value without having to sacrifice appreciation potential.

The median home cost in Palmyra (zip 62674) is $89,800. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Palmyra (zip 62674) is up 11.6%.

Average Age of Homes

- The median age of Palmyra (zip 62674) real estate is 44 years old

The Rental Market in Palmyra (zip 62674)

- Renters make up 21.6% of the Palmyra (zip 62674) population
- 1.4% of houses and apartments in Palmyra (zip 62674), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Palmyra, Illinois	United States
	722.0	139,647,020.0
	50	42
	$89,800	$338,100
	11.6%	16.6%
	26.6%	57.0%
	37.5%	101.1%
	$16.14	$10.98
	$1,277	$2,690
	59.6%	57.4%
	23.7%	11.2%
	16.8%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	20.4%	4.1%
Value of Owner-Occupied Housing
	5.8%	2.6%
	8.1%	2.4%
	6.0%	2.8%
	31.9%	3.9%
	4.2%	4.5%
	10.2%	11.3%
	15.8%	13.0%
	10.2%	20.1%
	7.4%	13.6%
	0.0%	8.3%
	0.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.4%	13.6%
	10.4%	13.6%
	22.2%	13.6%
	3.9%	13.2%
	14.1%	14.8%
	22.2%	13.6%
	5.8%	10.0%
	7.9%	4.7%
	27.1%	12.2%

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