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Foreclosure Homes in Palmyra, VA

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Palmyra, VA Foreclosures

How much do homes sell for in Palmyra, VA?
The average home price is currently $419,918.
In Palmyra, VA, how many homes are available?
There are currently 31 active home listings available in Palmyra.
What’s the average rental cost in Palmyra, VA?
The average rental price in Palmyra is $1,587.
What is the most expensive home in Palmyra?
The most expensive home sold in Palmyra had a price of $11,518,725.
What is currently the cheapest priced home in Palmyra, VA?
The cheapest home for sale in Palmyra is priced at $16,062.

Living in Palmyra, VA

Palmyra, VA is a picturesque town known for its close-knit community and outdoor recreational opportunities. The nearby Lake Monticello offers beautiful views and activities like fishing and boating. This rural retreat is perfect for families and those seeking a quieter lifestyle while still being close to amenities.

Current Market Conditions in Palmyra, VA

Recently, the Palmyra real estate market has experienced a steady growth trend, with an increase in demand for homes due to the area's appealing lifestyle and affordable real estate options. The influence of nearby Charlottesville, a growing college town, has added to the interest in the region.

The current market is competitive but offers diverse options, with homes ranging in price and style. The demand often exceeds supply, leading to quicker sales in desirable neighborhoods.

New developments and renovations of existing homes have been seen in the locality, contributing to a dynamic and evolving housing landscape that appeals to various buyers.

Home Value Estimator For Palmyra, VA

There are currently 7,683 real estate properties in Palmyra, VA, with a median automated valuation model (AVM) price of $369,937.00. 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, VA, 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, VA, is $419,918.00, with the most expensive house in Palmyra, VA, topping out at $11,518,725.00 and the cheapest home in Palmyra, VA, clocking in at $16,062.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmyra, VA!

Rent Prices In Palmyra, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmyra, VA, is on a rollercoaster ride. The average rent price in Palmyra, VA, is $1,587.00. Indeed, when looking to rent in Palmyra, VA, you can expect to pay as little as $910.00 or as much as $3,860.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Palmyra, VA -- 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, VA Foreclosures


Market Trend for Palmyra, VA

Total Listings Available: 31

Market Values:

Home Prices from $16,062 to $11,518,725

Average Sales Price: $419,918

Rental Values:

Rental from $910 to $3,860

Average Rent Value: $1,587 / month

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