Palmyra, Lenawee County, MI

Median Home Price Price

$204,941 $204.9K

Median Monthly Rent Rent

$1,477 $1.5K

12.0x

Market Snapshot

Palmyra, Lenawee County, MI is a city market with a median home price of $204,941, a median monthly rent of $1,477, a GRM of 12.0x, and a price-to-rent ratio of 11.6.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

03 Clinton, Lenawee County, MI
Nearby alternative Higher GRM Premium price Lower rent
High confidence
Price $249.7K
Rent $939
GRM 22.0x
Explore the data
Region Show
Adrian
$174K $1.2K 12.0x
Clayton
$223K $1.3K 15.0x
Clinton
$250K $939 22.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Mattawan, Van Buren County, MI Explore deeper
$343K $1.5K 19.0x
Ovid, Clinton County, MI
$178K $1.0K 14.0x
Utica, Macomb County, MI Explore deeper
$244K $1.6K 13.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Lizton, Hendricks County, IN
$340K $1.5K 19.0x
Gadsden, Crockett County, TN
$193K $1.1K 15.0x
Sanger, Fresno County, CA
$396K $1.5K 23.0x

Home prices

Monthly rent

GRM = home price / annual rent

Palmyra

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Benchmark comparison

Compare Palmyra, MI to another market.

Compare to Adrian, MI
Palmyra, MI
Adrian, MI
Delta
Median rent
$1,477
N/A
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Median price
$204,941
N/A
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YoY change
+$71
N/A
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Price-to-rent
11.6x
Data unavailable
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Key takeaways

  • Palmyra, Lenawee County, MI has a lower-grm screening profile: At 12.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $71 year over year.
  • Next discovery step: compare Adrian, Lenawee County, MI from the Same county set.