Housing · Palmyra
Palmyra, MI housing market
The typical Palmyra home is worth about $224,000, up 4.4% in a year, 16% below the Michigan typical home.
Home values, sales, trends and how Palmyra compares with the towns next door — updated as new data is published.
The market right now
Palmyra at a glance
Typical home value
$224K
▲ 4.4% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
PalmyraMichigan
Show as a table
| January | Palmyra | Michigan |
|---|---|---|
| 2017 | $124,000 | $144,000 |
| 2018 | $134,000 | $155,000 |
| 2019 | $141,000 | $165,000 |
| 2020 | $153,000 | $175,000 |
| 2021 | $174,000 | $194,000 |
| 2022 | $191,000 | $217,000 |
| 2023 | $200,000 | $230,000 |
| 2024 | $207,000 | $241,000 |
| 2025 | $215,000 | $253,000 |
| 2026 | $220,000 | $262,000 |
| August 2026 | $224,000 | $266,000 |
Nearby
Palmyra and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Palmyra | $224K | +4.4% | — | $85,208 |
| Raisin | $278K | +6.3% | — | $95,766 |
| Madison | $230K | +4.6% | — | $69,643 |
| Blissfield | $250K | +4.5% | — | $67,200 |
Affordability
2.6 years of income
The typical Palmyra home costs about 2.6 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
87.1%
Michigan: 73.2%
Median tax bill
$2,378
Michigan: $2,904
Median rent
$1,125
Michigan: $1,129
Typical home built
1954
Michigan: 1972
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.