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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 $358,919.
In Palmyra, TN, how many homes are available?
There are currently 5 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 $4,025,172.
What is currently the cheapest priced home in Palmyra, TN?
The cheapest home for sale in Palmyra is priced at $14,477.

Living in Palmyra, TN

Palmyra, TN, is a small, peaceful community known for its rural charm and welcoming locals. The area provides a mixture of outdoor recreational activities and essential amenities, making it suitable for families and retirees alike. Its proximity to larger cities adds to its appeal, offering residents a perfect balance of tranquility and access to urban conveniences.

Current Market Conditions in Palmyra, TN

The real estate market in Palmyra is currently experiencing steady growth, with a healthy demand for houses in the area. Buyers are drawn to the affordable prices and the appealing community atmosphere that Palmyra offers. As more families seek the charm of rural living close to urban amenities, properties in the area are becoming a hot commodity.

There has been a noted increase in new constructions and renovations in Palmyra, indicating positive market trends. Home values have been gradually appreciating due to the influx of new residents looking for larger spaces and a peaceful lifestyle. This trend is expected to continue as the town develops further.

Home Value Estimator For Palmyra, TN

There are currently 1,079 real estate properties in Palmyra, TN, with a median automated valuation model (AVM) price of $287,398.00. 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 $358,919.00, with the most expensive house in Palmyra, TN, topping out at $4,025,172.00 and the cheapest home in Palmyra, TN, clocking in at $14,477.00. 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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