Is Palmyra, NY a good place to invest in rental property?

Palmyra, NY has a median modeled monthly cash flow of $-440 and a median cap rate of 3.6%, on a median sold price of $215,000. Prices changed +9.0% year over year.

What is the average cap rate in Palmyra, NY?

The median cap rate across recently sold homes in Palmyra, NY is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palmyra, NY?

The median sold price in Palmyra, NY is $215,000 (about $146 per square foot).

Investing in Palmyra, NY Real Estate

A data-driven snapshot of the Palmyra, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$215,000Median sold price

$146Median $/sqft

3.6%Median cap rate

$-440Modeled cash flow / mo

+9.0%Appreciation YoY

7.0Months of supply

24Active listings

41Sold (last 12 mo)

What the Palmyra numbers say

In Palmyra, NY, the median home sold for $215,000 (about $146 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-440 of monthly cash flow. Sold prices moved +9.0% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Palmyra cash-flowing listings

CashFlowRE ranks every for-sale home in Palmyra, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Palmyra deals, or browse the national market data.