What is the median home value in Palmyra Township, MI?

The median value of owner-occupied homes in Palmyra Township, MI is $179,500 (±$25,876), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Palmyra Township, the median home value went from $125,100 in 2015–2019 to $179,500 in 2020–2024 (+43.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$179,500 (±$25,876)
Owner-occupied homes
802 (±121)
Most common range
$200,000 to $299,999

Home values in Palmyra Township

Owner-occupied homes by value, 2020–2024
ValuePalmyra TownshipLenawee CountyMichiganUnited States
Less than $50,0005.9% (±3.4 points)6.8%7.6%5.3%
$50,000 to $99,99910.8% (±7.5 points)9.4%9.2%6.1%
$100,000 to $149,99916.2% (±7.9 points)15.0%10.6%6.8%
$150,000 to $199,99922.8% (±8.8 points)19.8%14.1%9.0%
$200,000 to $299,99926.7% (±8.0 points)26.5%23.4%17.8%
$300,000 to $499,99913.2% (±5.1 points)17.4%24.1%26.9%
$500,000 to $999,9993.9% (±4.3 points)4.3%9.2%20.9%
$1,000,000 or more0.5% (±0.8 points)0.8%1.6%7.1%

The most common range is $200,000 to $299,999, 26.7% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Palmyra Township against Lenawee County, its state and the nation

Estimate (90% margin of error)
Palmyra TownshipLenawee CountyMichiganUnited States
Median home value$179,500 (±$25,876)$196,800 (±$4,906)$231,600 (±$642)$332,700
Owner-occupied homes802 (±121)30,924 (±640)2,984,190 (±12,886)84,210,142

In Palmyra Township, the median home value is not measurably different from Lenawee County ($196,800).

It is also lower than in Michigan ($231,600).

It is lower than the national figure ($332,700).

In Lenawee County, Palmyra Township ranks 17 of 26 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 895 of 1,518.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Palmyra Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$125,100 (±$9,861)$179,500 (±$25,876)+43.5%No measurable change after inflation
Median owner cost with a mortgage$1,173 (±$59)$1,374 (±$62)+17.1%No measurable change after inflation
Median real estate taxes$1,890 (±$103)$2,378 (±$191)+25.8%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Palmyra Township

Nearest places with a published estimate, compared with Palmyra Township
PlaceDistanceMedian home valueCompared with this place
Palmyra Township—$179,500 (±$25,876)—
Blissfield Township5.0 mi$173,500 (±$34,229)Not measurably different
Adrian5.1 mi$138,000 (±$8,490)Lower
Blissfield5.4 mi$169,900 (±$20,617)Not measurably different
Raisin Township5.5 mi$241,400 (±$16,310)Higher
Madison Charter Township6.2 mi$174,700 (±$12,933)Not measurably different
Ogden Township7.2 mi$198,700 (±$25,006)Not measurably different
Deerfield Township (Lenawee County)8.2 mi$183,700 (±$15,045)Not measurably different
Adrian Township8.3 mi$230,700 (±$12,306)Higher

Nearby places with a measurably lower figure: Adrian, MI ($138,000).

Nearby places with a measurably higher figure: Raisin Township, MI ($241,400), Adrian Township, MI ($230,700).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Lenawee County, place by place

RankPlaceMedian home value
11Riga Township$199,600 (±$31,088)
12Clinton Township (Lenawee County)$199,100 (±$13,386)
13Ogden Township$198,700 (±$25,006)
14Hudson Township (Lenawee County)$192,000 (±$53,836)
15Dover Township (Lenawee County)$190,000 (±$14,511)
16Deerfield Township (Lenawee County)$183,700 (±$15,045)
17Palmyra Township$179,500 (±$25,876)
18Ridgeway Township$176,500 (±$18,610)
19Madison Charter Township$174,700 (±$12,933)
20Blissfield Township$173,500 (±$34,229)
21Medina Township$165,000 (±$17,784)
22Seneca Township$161,800 (±$34,868)
23Fairfield Township (Lenawee County)$157,000 (±$8,682)

Showing 13 of 26 places in Lenawee County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Palmyra Township

What is the average home value in Palmyra Township, MI?

The Census Bureau publishes the median: $179,500 (±$25,876) for owner-occupied homes in Palmyra Township (2020–2024 American Community Survey).

Have home values in Palmyra Township gone up?

In Palmyra Township, the median home value went from $125,100 in 2015–2019 to $179,500 in 2020–2024 (+43.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Palmyra Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palmyra township, Lenawee County, Michigan (county subdivision:62240, in state:26 county:091).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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