Condo Foreclosures in Palmyra, NY 14522

Current Market Conditions in Palmyra, NY

Palmyra's real estate market has shown a steady increase over the past year, with more buyers seeking homes in this tranquil village. The demand for housing, driven by its appealing lifestyle and affordable prices compared to larger nearby cities, has resulted in increased home valuations and quicker sales.

Recent statistics indicate a 15% increase in home prices year-over-year, reflecting growing interest in the area. Sellers are experiencing competitive offers, and homes are often selling within weeks of listing.

Rent Prices In Palmyra, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmyra, NY, is on a rollercoaster ride. The average rent price in Palmyra, NY, is $1,317.00. Indeed, when looking to rent in Palmyra, NY, you can expect to pay as little as $590.00 or as much as $2,510.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Palmyra, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.