Palmyra, PA 17078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Palmyra, PA—17078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$333,000

5.7% YoY Growth

Household Income

$84,500

33.3% YoY Growth

Days on Market

109

130.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$1,600

3.1% YoY Growth

1-Bed Rent

$1,000

8.5% YoY Growth

2-Bed Rent

$1,600

20.1% YoY Growth

3-Bed Rent

$1,750

5.3% YoY Growth

Home Price Trends — Palmyra, PA

As of Dec '25, the median home price in Palmyra, PA is $333,000, with a year-over-year change of 5.7%. This indicates that home prices in Palmyra, PA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$333,000	5.7%
Single Family	$334,000	5.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Palmyra, PA

As of July '25, Rentcast reports the average rent in Palmyra, PA is $1,650, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Palmyra, PA is 1-bedrooms: $1,030, 2-bedrooms: $1,610, 3-bedrooms: $1,790, 4-bedrooms: $2,880. The most common rental property sizes in Palmyra, PA are 2-bedroom and 3-bedroom, accounting for 35.0% and 28.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,650
Studio Rent	N/A	N/A
1 Bed Rent	$1,000	$1,030
2 Bed Rent	$1,600	$1,610
3 Bed Rent	$1,750	$1,790
4 Bed Rent	$2,750	$2,880

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% of Rental Stock

Studio

5.9%

1 Bedroom

24.7%

2 Bedrooms

35.0%

3 Bedrooms

28.7%

4 Bedrooms

4.2%

5+ Bedrooms

1.6%

Property Listings — Palmyra, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Palmyra, PA is 74. This is a increase of 73.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$364,000	2.0%
Listing Count	44	-5.0%
Listings as % of Homes	0.2%	-5.0%
Days on Market	109	130.0%

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Demographics — Palmyra, PA

As of the latest ACS Survey released in 2023, Palmyra, PA has a population of 23,800, which has increased by 11.3% over the past 5 years. Palmyra, PA is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,800	11.3%
% Under 18	24.2%	6.1%
% Seniors	19.8%	1.0%
% WFH	16.2%	305.0%
% w/ College Degree	35.1%	4.2%

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As of the latest ACS Survey released in 2023, Palmyra, PA is a predominantly white area, with 84.7% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Palmyra, PA is hispanic, making up 7.7% of the population. Foreign-born residents account for 4.5% of the population in Palmyra, PA, and this percentage has increased by 55.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	84.7%	-6.6%
% Black	1.5%	36.4%
% Hispanic	7.7%	71.1%
% Asian	3.0%	20.0%
% Foreign Born	4.5%	55.2%

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Mortgage and Risk — Palmyra, PA

According to HUD data as of 2023, there were 469 mortgage originations in Palmyra, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Palmyra, PA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	469
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Palmyra, PA

As of 2024, the percent of homes in Palmyra, PA under the Section 8 program is 4.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Palmyra, PA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	121
Total Units Section 8	121
% Rentals under Section 8	4.4%
% Occupied Section 8	91.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$170	$1,000	$1,170
2 Bedroom	-$120	$1,600	$1,480
3 Bedroom	$130	$1,750	$1,880
4 Bedroom	-$760	$2,750	$1,990

Palmyra, PA—17078

Key Metrics at a Glance

Home Price Trends — Palmyra, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palmyra, PA

% of Rental Stock

Property Listings — Palmyra, PA

Demographics — Palmyra, PA

Race and Ethnicity

Mortgage and Risk — Palmyra, PA

Mortgages

Rentals and Section 8 — Palmyra, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Palmyra, PA

Home Price to Income Ratio

Palmyra, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Campbelltown

Hershey, PA

Annville, PA

Lawn

Hummelstown, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$333,000
Median Household Income	$84,500

Palmyra, PA—17078

Key Metrics at a Glance

Home Price Trends — Palmyra, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Palmyra, PA

% of Rental Stock

Property Listings — Palmyra, PA

Demographics — Palmyra, PA

Race and Ethnicity

Mortgage and Risk — Palmyra, PA

Mortgages

Rentals and Section 8 — Palmyra, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Palmyra, PA

Home Price to Income Ratio

Palmyra, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Campbelltown

Hershey, PA

Annville, PA

Lawn

Hummelstown, PA

Frequently Asked Questions

What is the average home price in Palmyra, PA 17078?

How have home prices in Palmyra, PA 17078 changed over the past year?

What is the home price projection for Palmyra, PA 17078?

What are the demographics of Palmyra, PA 17078?

How long does it take homes to sell in Palmyra, PA 17078?

What is the average rent price in Palmyra, PA 17078?