37142 Homes under $400,000

Welcome to Palmyra, Tennessee, a hidden gem nestled in the heart of Montgomery County, with the charming zip code 37142. This idyllic community offers a perfect blend of rural tranquility and convenient access to urban amenities, making it an ideal place for families, retirees, and everyone in between.

Palmyra is known for its picturesque landscapes, friendly neighbors, and a welcoming small-town atmosphere. With its proximity to the vibrant city of Clarksville, residents can enjoy the best of both worlds—peaceful living with easy access to shopping, dining, and entertainment. The area is rich in history and surrounded by beautiful parks, perfect for outdoor enthusiasts who love hiking, fishing, or simply enjoying a picnic in the sun.

For those seeking affordable housing options, Palmyra is a treasure trove of homes under $400,000. Whether you’re a first-time homebuyer, looking to downsize, or searching for a family-friendly abode, you’ll find a variety of charming properties that cater to diverse tastes and budgets. From cozy cottages to spacious single-family homes, the real estate market here offers something for everyone.

The sense of community in Palmyra is palpable, with local events and gatherings that foster connections among residents. With a strong school system and a safe environment, it’s no wonder that families are drawn to this area. Explore the possibilities in Palmyra, TN, and discover your dream home in this serene and welcoming community!

Newest 37142 Homes under $400,000

$399,900

4 Beds ⋅ 3 Baths ⋅ 3620424 MLS ⋅ ACTIVE Status ⋅ 1.5 Acres ⋅ 37142 Zip Code

**Charming Country Retreat on 1.5 Acres – Where Comfort Meets Country Living!** Discover the perfect blend of peaceful country living, modern finishes, and inviting spaces in this beautifully designed home situated on **1.5 picturesque acres!** Surrounded by mature trees and natural beauty, this property offers a serene setting with plenty of room to relax, entertain, and enjoy the outdoors. A welcoming **L-shaped covered front porch** sets the tone, offering the perfect spot to enjoy your morning coffee or unwind after a long day. Step inside to discover a thoughtfully designed interior featuring beautiful engineered hardwood and ceramic tile flooring, combining timeless style with everyday functionality. At the heart of the home, the **stunning custom kitchen** is sure to impress! Featuring sophisticated gray cabinetry, granite countertops, a stylish tile backsplash, stainless steel appliances, and a spacious center island, this kitchen offers the perfect combination of beauty and practicality for cooking, gathering, and entertaining. The home's versatile layout includes a **fourth bedroom that can easily serve as a bonus room, home office, media room, or flex space**, allowing you to tailor the space to your needs. Step outside to the **covered back deck**, an inviting extension of your living space that's perfect for outdoor dining, weekend gatherings, or simply taking in the peaceful surroundings. With **1.5 acres of beautiful, tree-lined property, charming architectural details, and thoughtfully selected finishes**, this home delivers the country lifestyle you've been looking for without sacrificing modern comfort. **Your own slice of country paradise awaits. Schedule your private showing today!**

2665 Mockingbird Hill Rd, Palmyra

$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

$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

$239,900

2 Beds ⋅ 2 Baths ⋅ 3242178 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 4.5 Acres ⋅ 37142 Zip Code

**NEW PRICE** Unique earth-sheltered home offering exceptional privacy and plenty of potential. Features include a den with a gas-log fireplace, a primary bedroom with exterior access, and a central heat and air. Outside, you'll find a two-bay shop with a mechanic's pit in the garage for easy vehicle maintenance. A rare opportunity for someone looking for a property that's truly different.

4089 Old Metal Rd, Palmyra

$200,000

3 Beds ⋅ 1 Baths ⋅ 3000987 MLS ⋅ ACTIVE Status ⋅ 2.93 Acres ⋅ 37142 Zip Code

Fantastic investment opportunity in Palmyra! This property at 1826 Palmyra Rd., Palmyra, TN 37142 offers nearly 3 acres of land with a 1,080 sq. ft. home featuring 3 bedrooms and 1 bath. The home is full of potential—whether you choose to renovate and modernize, expand for additional bedrooms and baths, or start fresh with your own design. A complete renovation without adding square footage could potentially net $250 per square foot, pushing the after-repair value to $300,000 or more. For investors, the options don’t stop there—consider subdividing the land for an additional home, adding a garage, or developing a shop house. The acreage provides flexibility for multiple exit strategies, making this a versatile investment. The location also boosts long-term value. With quick access to downtown Clarksville, Austin Peay State University, the Cumberland River, and Kentucky Lake, the area offers strong appeal for both rental and resale markets. Whether your focus is fix-and-flip, rental portfolio growth, or redevelopment, this property delivers the kind of potential investors look for. Opportunities like this move quickly—don’t wait to explore the upside here. This property is subject to court approval, and this language would need to be in any offers with an extended timeline. Also, this property will not accept any government-backed loans such as FHA, VA or USDA.

1826 Palmyra 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.

37142 Homes under $400,000

Newest 37142 Homes under $400,000

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