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 Type | 0% |
| One Bedroom | 5% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 48.70% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $85,000 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 6.30% |
| Simple Mortgage | 47.40% |
| Debt Free | 41.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
