Palmyra, NJ Housing

The housing market in Palmyra, NJ is quite vibrant. The median value of a house in Palmyra is $235,800 which is much lower than the US median value of $338,100. However, the 1 year house appreciation rate for Palmyra has been higher than the national average at 15.62% compared to 8.27%. This indicates that the housing market in Palmyra is quite strong and could be a good investment opportunity going forward.

The median home cost in Palmyra is $235,800. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Palmyra is up 18.1%.

Average Age of Homes

- The median age of Palmyra real estate is 63 years old

The Rental Market in Palmyra

- Renters make up 17.8% of the Palmyra population
- 0.8% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Palmyra, New Jersey	United States
	3,391.0	139,647,020.0
	65	42
	$235,800	$338,100
	18.1%	16.6%
	57.0%	57.0%
	69.6%	101.1%
	$27.14	$10.98
	$6,068	$2,690
	66.9%	57.4%
	9.2%	11.2%
	23.9%	31.4%
Vacant Housing
	0.8%	1.9%
	1.4%	0.4%
	0.0%	0.7%
	1.6%	0.4%
	0.0%	3.6%
	5.4%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.8%	2.4%
	0.0%	2.8%
	2.0%	3.9%
	1.3%	4.5%
	26.1%	11.3%
	36.2%	13.0%
	28.4%	20.1%
	1.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.4%	3.9%
	2.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.0%	13.6%
	5.0%	13.6%
	4.5%	13.6%
	9.0%	13.2%
	21.5%	14.8%
	4.5%	13.6%
	10.0%	10.0%
	7.6%	4.7%
	36.6%	12.2%

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