Similar to nearby areas, it's substantially less expensive compared to the United States as a whole. It's a lot less expensive compared to the city of Bloomington.
Home prices
The median home in Palmyra is valued at $114,500. Compared to its nearby areas it is is very similar.In comparison to the country as a whole it is about $103,000 (47%) lower, and is about $86,200 (42%) lower in comparison to the city of Bloomington.
Rents
Palmyra's median monthly rent is $602. Compared to nearby areas it is approximately $166 (21%) lower.It is roughly $460 (43%) lower compared to the nation as a whole, and is about $315 (34%) lower compared to the city of Bloomington.
Nearby places
Greenville
Greenville is about 6 miles southeast of Palmyra. The real estate prices there are significantly more expensive. The value of the median home in Greenville is $188,100, which comes out to $73,600 (39%) higher than Palmyra. Rent there is a little more expensive. The median rent in Greenville is $775 per month, which is $173 (22%) higher than Palmyra.
New Pekin
New Pekin is about 7 miles northeast from Palmyra. The housing prices there are a bit less expensive. The median home in New Pekin costs $92,900, which works out to $21,600 (23%) lower than Palmyra. Rents there are somewhat more expensive. New Pekin's median monthly rent is $644, which comes out to $42 (6%) higher than Palmyra.
Hardinsburg
Hardinsburg is approximately 8 miles northwest of Palmyra. Real estate prices there are significantly less expensive. The median home value in Hardinsburg is $80,000, which works out to $34,500 (43%) lower than Palmyra. The rent there is a bit more expensive. In Hardinsburg the median rent is $800 a month, which comes out to $198 (24%) higher than Palmyra.
Crandall
Crandall is roughly 8 miles south of Palmyra. Housing prices there are a bit less expensive. The median home in Crandall costs $88,100, which works out to $26,400 (29%) lower than Palmyra. Rent there is somewhat more expensive. In Crandall the median monthly rent is $880, which is $278 (31%) higher than Palmyra.
Borden
Borden is about 8 miles northeast from Palmyra. Real estate prices there are a little more expensive. The median home in Borden costs $120,700, which is $6,200 (5%) higher than Palmyra. Rents there are a little more expensive. The median rent in Borden is $740 per month, which is $138 (18%) higher than Palmyra.
