PALMYRA HOUSING MARKET INFORMATION With a population of 7,489, 3,283 total housing units (homes and apartments), and a median house value of $342,827, Palmyra real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Palmyra homes are still considered rather expensive. Single-family detached homes are the single most common housing type in Palmyra, accounting for 52.17% of the borough's housing units. Other types of housing that are prevalent in Palmyra include row houses and other attached homes ( 23.58%), large apartment complexes or high rise apartments ( 14.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.31%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palmyra. Owner-occupied housing accounts for 69.60% of Palmyra's homes, and 49.18% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Palmyra built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Palmyra built before 1939 ( 34.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.05%). There's also some housing in Palmyra built between 2000 and later ( 7.46%). PALMYRA HOME APPRECIATION RATES Appreciation rates for homes in Palmyra have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 105.41%, which ranks in the top 40% nationwide. This equates to an annual average Palmyra house appreciation rate of 7.46%. 蘑菇视频's data show that during the latest twelve months, Palmyra's appreciation rate, at 8.68%, has been at or slightly above the national average. In the latest quarter, Palmyra's appreciation rate has been 1.61%, which annualizes to a rate of 6.61%. Relative to New Jersey, our data show that Palmyra's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.