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Palmyra, IN Real Estate


According to census data in the year 2000 there were 261 housing units in Palmyra. This represents a 0.8% growth from 259 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 261 were located in what is classified as a rural area.

Homeownership rate in Palmyra is about 81.7%. Palmyra's vacancy rate, including seasonal lodging, is about 8%. Average household size is 2.49 people.

The majority of houses, apartments or condos in Palmyra were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5%
Two Bedrooms32.60%
Three Bedrooms48.70%
Four Bedrooms13%
Five Bedrooms or more0.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1970
Median Value of occupied units$85,000
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1958
Median Monthly Rent asked for vacant units$175

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan6.30%
Simple Mortgage47.40%
Debt Free41.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%