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

Palmyra, VA has a median modeled monthly cash flow of $-1,404 and a median cap rate of 2.9%, on a median sold price of $419,528. Prices changed +1.8% year over year.

What is the average cap rate in Palmyra, VA?

The median cap rate across recently sold homes in Palmyra, VA is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palmyra, VA?

The median sold price in Palmyra, VA is $419,528 (about $225 per square foot).

Investing in Palmyra, VA Real Estate

A data-driven snapshot of the Palmyra, VA 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.

$419,528Median sold price

$225Median $/sqft

2.9%Median cap rate

$-1,404Modeled cash flow / mo

+1.8%Appreciation YoY

7.9Months of supply

53Active listings

81Sold (last 12 mo)

What the Palmyra numbers say

In Palmyra, VA, the median home sold for $419,528 (about $225 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,404 of monthly cash flow. Sold prices moved +1.8% over the past year. Inventory sits at about 7.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Palmyra cash-flowing listings

CashFlowRE ranks every for-sale home in Palmyra, VA 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.