The median home in Palmyra, Michigan is valued at $203,640, up 2.5% year over year. Palmyra is part of the Adrian, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Adrian, MI stress score, crash risk, and 12-month forecast →

Home Value$203,640

+2.5%

AFFORDABILITY

Enter your income for Palmyra.

Income (annual)

Down Payment

$40,728 on $203,640

Affordable — 22.8% of income

Under the 28% guideline.

PITI$1,424

P/I22.8%

Afford$250K

Room+$47K

P&I $1,030Tax $261Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Palmyra with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Adrian, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Adrian, MI metro.

View Adrian, MI metro →

PALMYRA, MI