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Palmyra, IN Housing

 
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As of 2010-2014, median price of a house in Palmyra is $109,800, which is lower than the state average of $122,700 and is much lower than the national average of $175,700. The Palmyra median house value has grown by 29.18% since 2000. The growth rate for the price of a house in Palmyra is about the same as the state average rate of 30.12% and is lower than the national average rate of 46.91%. The median year that a house in Palmyra was built is 1975, which is newer than the median year for a house built in the state which is 1972 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 275 Owner Occupied Houses in Palmyra, IN, #189
Palmyra, IN
109,800 USD
Indiana
122,700 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #168
Palmyra, IN
29.18%
Indiana
30.12%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Palmyra, INIndianaU.S.
Total Housing Units482, see rank, 100%2,811,617132,741,033
Occupied Housing Units459, 95.23%, see rank88.64%87.55%
Owner Occupied275, 57.05%, see rank61.56%56.34%
Renter Occupied184, 38.17%, see rank27.07%31.21%
Vacant Housing Units23, 4.77%, see rank11.36%12.45%
For Rent5, 1.04%, see rank2.40%2.34%
For Sale Only0, 0.00%, see rank1.47%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank1.24%0.92%
For Seasonal, Recreational, or Occasional Use8, 1.66%, see rank1.64%3.97%
For Migrant Workers0, 0.00%, see rank0.02%0.03%
Other Vacant10, 2.07%, see rank4.59%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #121
Palmyra, INIndianaU.S.
197519721976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Palmyra, IN%IndianaU.S.
Owner-Occupied Units275100%1,730,95474,787,460
With a Mortgage19872.00%, see rank68.12%65.58%
Without a Mortgage7728.00%, see rank31.88%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Palmyra, IN
980 USD
Indiana
1,119 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsPalmyra, IN%IndianaU.S.
$299 or Less00.00%, see rank0.35%0.20%
$300 to $49984.04%, see rank3.15%1.59%
$500 to $6993919.70%, see rank9.90%5.01%
$700 to $9995628.28%, see rank26.58%14.32%
$1,000 to $1,4997236.36%, see rank35.46%27.90%
$1,500 to $1,999126.06%, see rank14.79%20.35%
$2,000 to $2,999115.56%, see rank7.60%19.52%
$3,000 or More00.00%, see rank2.17%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Palmyra, IN
23.30% of the Total Income
Indiana
20.40% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Palmyra, IN%IndianaU.S.
10% or Less115.56%, see rank7.60%5.86%
10% to 20%7035.35%, see rank41.01%31.95%
20% to 30%6633.33%, see rank26.38%27.64%
30% to 40%2814.14%, see rank10.90%13.74%
40% or More2311.62%, see rank13.68%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Palmyra, IN
380 USD
Indiana
375 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsPalmyra, IN%IndianaU.S.
$199 or Less33.90%, see rank8.65%7.76%
$200 to $2991418.18%, see rank22.03%14.70%
$300 to $4994558.44%, see rank44.41%34.63%
$500 to $6991316.88%, see rank17.12%21.16%
$700 or More22.60%, see rank7.80%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Palmyra, IN
13.80% of the Total Income
Indiana
10.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Palmyra, IN%IndianaU.S.
10% or Less2735.06%, see rank45.90%40.19%
10% to 20%2735.06%, see rank31.56%31.47%
20% to 30%2025.97%, see rank10.56%12.24%
30% to 40%00.00%, see rank4.39%5.64%
40% or More33.90%, see rank6.50%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Palmyra, INIndianaU.S.
Total Housing Units482, 100%2,811,617132,741,033
1-unit, Detached378, 78.42%, see rank72.70%61.65%
1-unit, Attached10, 2.07%, see rank3.65%5.82%
2 Units25, 5.19%, see rank2.59%3.75%
3 or 4 Units36, 7.47%, see rank3.58%4.43%
5 to 9 Units16, 3.32%, see rank4.55%4.78%
10 or More Units7, 1.45%, see rank7.83%13.08%
Mobile Home, Boat, RV, Van, etc.10, 2.07%, see rank5.11%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Palmyra, INIndianaU.S.
Total Housing Units482, 100%2,811,617132,741,033
1 Room8, 1.66%, see rank1.26%1.95%
2 Rooms3, 0.62%, see rank1.46%2.48%
3 Rooms21, 4.36%, see rank6.64%9.13%
4 Rooms69, 14.32%, see rank14.31%16.60%
5 Rooms175, 36.31%, see rank21.67%20.41%
6 Rooms98, 20.33%, see rank20.12%18.06%
7 Rooms33, 6.85%, see rank13.67%12.27%
8 Rooms35, 7.26%, see rank9.17%8.48%
9 Rooms or More40, 8.30%, see rank11.69%10.60%
Median Rooms5.30, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Palmyra, INIndianaU.S.
Total Housing Units482, 100%2,811,617132,741,033
No Bedroom11, 2.28%, see rank1.38%2.17%
1 Bedroom37, 7.68%, see rank9.26%11.16%
2 Bedrooms146, 30.29%, see rank26.57%26.69%
3 Bedrooms249, 51.66%, see rank44.05%39.70%
4 Bedrooms39, 8.09%, see rank15.33%16.05%
5 or More Bedrooms0, 0.00%, see rank3.40%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Palmyra, INIndianaU.S.
Total Housing Units459, 100%2,492,183116,211,092
Utility Gas16, 3.49%, see rank61.00%48.85%
Bottled, Tank, or LP Gas130, 28.32%, see rank7.17%4.86%
Electricity302, 65.80%, see rank27.77%36.68%
Fuel Oil, Kerosene, etc.5, 1.09%, see rank0.96%5.86%
Coal or Coke0, 0.00%, see rank0.14%0.12%
Wood6, 1.31%, see rank2.21%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel0, 0.00%, see rank0.46%0.47%
No Fuel Used0, 0.00%, see rank0.27%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalPalmyra, INIndianaU.S.
Occupied Units Paying Rent147, 100%716,46139,201,928
$199 or Less0, 0.00%, see rank1.90%1.50%
$200 to $2995, 3.40%, see rank3.46%3.18%
$300 to $49920, 13.61%, see rank10.51%7.37%
$500 to $69961, 41.50%, see rank27.49%16.01%
$700 to $99924, 16.33%, see rank37.65%29.17%
$1,000 to $1,49937, 25.17%, see rank15.48%26.88%
$1,500 to $1,9990, 0.00%, see rank2.39%9.79%
$2,000 or More0, 0.00%, see rank1.13%6.10%
Median$639, see rank$741$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Palmyra, INIndianaU.S.
Occupied Housing Units459, 100%2,492,183116,211,092
No Vehicles Available8, 1.74%, see rank6.86%9.12%
1 Vehicles Available132, 28.76%, see rank32.87%33.80%
2 Vehicles Available178, 38.78%, see rank38.90%37.48%
3 or More Vehicles Available141, 30.72%, see rank21.37%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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