Palmyra, VA Foreclosures
How much do homes sell for in Palmyra, VA?
The average home price is currently $408,615.
In Palmyra, VA, how many homes are available?
There are currently 6 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 $3,869,248.
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 charming rural town known for its close-knit community, picturesque landscapes, and active outdoor lifestyle. With a variety of local amenities and quality schools, it's an excellent choice for families seeking a tranquil living environment. The town is surrounded by natural beauty and outdoor recreational opportunities, making it a delightful place to call home.
Current Market Conditions in Palmyra, VA
The real estate market in Palmyra is steady, with a variety of properties available that cater to different budgets and preferences. Currently, the demand for homes has shown stability, with several new constructions and renovations underway, appealing to both locals and newcomers. Overall, home prices have been relatively moderate compared to nearby urban areas, making it an attractive option for buyers.
Recent trends indicate a growing interest in Palmyra as more people seek out rural living amid the post-pandemic shift, where remote work opportunities allow for a more flexible lifestyle. As a result, home values in the area have shown a gradual increase, especially for properties near recreational areas and community amenities.
Home Value Estimator For Palmyra, VA
There are currently 7,177 real estate properties
in Palmyra, VA,
with a median automated valuation model (AVM) price
of $365,791.00. 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 $408,615.00, with the most expensive house
in Palmyra, VA, topping out
at $3,869,248.00 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.
Learn more on Foreclosure homes
