The housing market in 37142 Palmyra, TN is booming. The median value of homes in the area stands at around $277,600, compared to the US house median value of $338,100. Furthermore, the one year appreciation for homes in the US stands at 8.27%, while it is a whopping 17.31% in Palmyra. This indicates that Palmyra's housing market is very active and that real estate investments within the city are likely to bring strong returns for investors.
The median home cost in Palmyra (zip 37142) is $277,600. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Palmyra (zip 37142) is up 25.7%.
Average Age of Homes
- The median age of Palmyra (zip 37142) real estate is 23 years old
The Rental Market in Palmyra (zip 37142)
- Renters make up 25.4% of the Palmyra (zip 37142) population
- 0.0% of houses and apartments in Palmyra (zip 37142), 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.