Palmyra, PA—17078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palmyra, PA
As of Oct '25, the median home price in Palmyra, PA is $337,000, with a year-over-year change of 5.8%. This indicates that home prices in Palmyra, PA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $337,000 | 5.8% |
| Single Family | $339,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $253,000 | 7.2% |
3 Bed | $315,000 | 6.1% |
4 Bed | $466,000 | 5.9% |
| 5 Bed | $543,000 | 4.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Palmyra, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmyra, PA is 59. This is a increase of 50.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 7.0% |
Listing Count | 58 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 59 | 50.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Palmyra, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $337,000 |
| Median Household Income | $84,500 |