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Preforeclosure Homes in Palmyra, TN 37142

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Palmyra, TN Foreclosures

How much do homes sell for in Palmyra, TN?
The average home price is currently $339,343.
In Palmyra, TN, how many homes are available?
There are currently 7 active home listings available in Palmyra.
What’s the average rental cost in Palmyra, TN?
The average rental price in Palmyra is $1,135.
What is the most expensive home in Palmyra?
The most expensive home sold in Palmyra had a price of $3,469,686.
What is currently the cheapest priced home in Palmyra, TN?
The cheapest home for sale in Palmyra is priced at $14,703.

Living in Palmyra, TN

Palmyra, TN is a quaint and friendly small town offering a peaceful atmosphere and community-oriented lifestyle. With easy access to essential amenities and outdoor recreational activities, it’s perfect for families and individuals alike. Enjoy the charm of quiet living while still being within reach of urban conveniences.

Current Market Conditions in Palmyra, TN

The current real estate market in Palmyra displays steady growth, driven by an increase in demand for housing in suburban areas. As remote work encourages buyers to seek larger homes with outdoor space, Palmyra's appeal has risen, especially among families and retirees looking for a tranquil environment away from the hustle and bustle of city life.

Home prices have seen a moderate increase, with a noticeable uptick in new construction as developers respond to the demand. The lack of inventory in the market has prompted competitive bidding, making it crucial for potential buyers to act quickly. This trend is anticipated to continue as more individuals recognize the value of living in Palmyra.

Home Value Estimator For Palmyra, TN

There are currently 903 real estate properties in Palmyra, TN, with a median automated valuation model (AVM) price of $261,083.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palmyra, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palmyra, TN, is $339,343.00, with the most expensive house in Palmyra, TN, topping out at $3,469,686.00 and the cheapest home in Palmyra, TN, clocking in at $14,703.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmyra, TN!

Rent Prices In Palmyra, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmyra, TN, is on a rollercoaster ride. The average rent price in Palmyra, TN, is $1,135.00. Indeed, when looking to rent in Palmyra, TN, you can expect to pay as little as $640.00 or as much as $2,240.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Palmyra, TN -- 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.

Palmyra, TN 37142 Preforeclosure Homes


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