Palmyra Homes under $500,000

Welcome to Palmyra, Tennessee—a charming community nestled in the heart of Montgomery County. Known for its rich history and friendly atmosphere, Palmyra offers a unique blend of small-town charm and modern conveniences. With its picturesque landscapes and welcoming neighborhoods, it's no wonder that this hidden gem has become a sought-after destination for homebuyers.

Palmyra boasts a variety of local amenities, including parks, shops, and dining options, all while maintaining a peaceful, rural vibe. Residents enjoy easy access to larger cities like Clarksville, just a short drive away, making it an ideal location for those who appreciate the tranquility of country living with the perks of urban life nearby.

For homebuyers seeking affordability without sacrificing quality, Palmyra is a fantastic choice. The real estate market here offers a delightful selection of homes priced under $500,000. Whether you’re looking for a cozy starter home, a spacious family residence, or a charming cottage, Palmyra has something to fit every budget and lifestyle. Many of these homes feature modern amenities, beautiful yards, and easy access to local schools and recreational facilities.

Imagine waking up to the serene beauty of the Tennessee countryside, enjoying leisurely afternoons at local parks, and fostering a sense of community with friendly neighbors. Palmyra is not just a place to live; it’s a place to thrive. Come explore the possibilities and discover your dream home in this delightful Tennessee town!

Newest Palmyra Homes under $500,000

$365,000

3 Beds ⋅ 2 Baths ⋅ 3614616 MLS ⋅ ACTIVE Status ⋅ 11.5 Acres ⋅ 37142 Zip Code

Opportunity for a country homestead awaits on this spacious property offering acreage, privacy, mature trees, pond, and plenty of room for your vision. The 3 bedroom 2 bath home is being sold "as is". Additional features to the property include a detached 3 car garage and additional storage structure for equipment.

4245 Tarsus Rd, Palmyra

$485,000

3 Beds ⋅ 3 Baths ⋅ 3598281 MLS ⋅ ACTIVE Status ⋅ 2.5 Acres ⋅ 37142 Zip Code

This new construction opportunity on 2.5 acres offers 2,177 sq ft of thoughtfully designed space. Built without compromising privacy or customization options, this 3-bedroom, 2.5-bath home features a versatile bonus room and modern finishes. Situated on a spacious private lot, it provides ample room for outdoor entertaining, gardening, or simply enjoying the tranquility away from neighbors. Purchasing this pre-sold home lets you personalize select features before completion. Buyers can choose cabinet and vanity colors, interior finishes, subject to builder approval and availability, ensuring the home reflects your style from the ground up. The expansive floor plan offers generous space for living, entertaining, and growing. The exterior combines brick and siding with modern rooflines, a covered front porch, and a large garage for striking curb appeal. Act now. Select your colors and finishes early. Watch your new home come to life as you make it uniquely yours. Please note: rendering is illustrative and used from a previous build. Buyer selections, materials, colors, finishes, and specifications are subject to builder approval, availability, allowances, lot conditions, and construction stage.

Cherry Lane, Palmyra

$455,000

3 Beds ⋅ 3 Baths ⋅ 3514268 MLS ⋅ ACTIVE Status ⋅ 0.68 Acres ⋅ 37142 Zip Code

This amazing property offers the perfect combination of comfort, convenience, outdoor living and no HOA fees or city taxes! Located directly next to the beautiful Rich Ellen Park, you'll enjoy easy access to green space, walking paths, and plenty of room to relax or play—all right outside your back door. Inside you'll find an open layout with a vaulted great room, functional kitchen, separate dining, and primary bedroom on main level. Upstairs is a large bonus room, two additional bedrooms, and a nice attic storage space. Enjoy a huge backyard with covered and uncovered patios, a separate firepit area plus your own gate access to Rich Ellen Park.

1253 Rich Ellen Dr, Palmyra

$419,500

3 Beds ⋅ 3 Baths ⋅ 3314632 MLS ⋅ ACTIVE Status ⋅ 2.34 Acres ⋅ 37142 Zip Code

Trade the noise for nature without sacrificing modern comfort. Set on more than 2 acres with a wooded backdrop, this nearly new home offers the peaceful lifestyle you've been looking for. Inside you will find bright open living spaces, granite countertops and walk in closets in every bedroom. Outside, there's room to roam or simply enjoy the quiet beauty of the county living. If you have been looking for a move-in-ready home with acreage, privacy, and modern finishes, this one checks all the blocks.

2265 Mockingbird Hill Rd, Palmyra

$450,000

3 Beds ⋅ 2 Baths ⋅ 3271028 MLS ⋅ ACTIVE Status ⋅ 9.05 Acres ⋅ 37142 Zip Code

Peace, privacy, and Fort Campbell convenience? Say less. Welcome to 3450 Chapman Circle, your own private escape on 9.01 acres. Unheard of. This original custom-built 3-bedroom, 2-bath, one-level home offers incredible views, peaceful country living, and plenty of space to spread out while still being close to Fort Campbell and Clarksville. Enjoy new hardwood floors, crown molding, new tile countertops and backsplash, a large eat-in kitchen, a formal dining room, and a spacious Florida room perfect for soaking in the views. New roof in 2025! Need room to breathe? This is it. Bring your hobbies, pets, and dreams. No HOA, no restrictions do what you want when you want. there’s space for it all.

3450 Chapmans Cir, Palmyra

$390,000

3 Beds ⋅ 2 Baths ⋅ 3244728 MLS ⋅ ACTIVE Status ⋅ 3.72 Acres ⋅ 37142 Zip Code

Rare opportunity to own approximately 8.1 acres in the peaceful countryside of Palmyra, TN. This unique offering includes two adjoining parcels (4368 & 4370 Old Metal Rd) being sold together, providing ample space for a variety of possibilities. The property features existing utilities, road frontage, and two mobile homes that convey with the sale. Enjoy the privacy and tranquility of rural living while remaining conveniently located within Montgomery County. Whether you’re looking for a homestead, investment opportunity, rental income potential, or a place to build your future dream home, this property offers endless possibilities. Properties are being sold together and are shown by appointment only.

4370 Old Metal Rd, Palmyra

$390,000

3 Beds ⋅ 2 Baths ⋅ 3244727 MLS ⋅ ACTIVE Status ⋅ 4.4 Acres ⋅ 37142 Zip Code

4368 Old Metal Rd, Palmyra

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.