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City · 7,755 residents · Lebanon County, Pennsylvania

Palmyra , Pennsylvania

In Palmyra, a typical home is worth $227,500 and typical rent is $1,084 a month. Compared with all of Lebanon County, the typical home value is 6% lower and the share of households that own their home is 13 points lower.

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  • Typical home value

    $227,500

    6% below the county

    11% below Pennsylvania

    • Palmyra
    • Lebanon
    • Pennsylvania

  • Typical rent

    $1,084a month

    2% below the county

    10% below Pennsylvania

    • Palmyra
    • Lebanon
    • Pennsylvania

  • Typical household income

    $77,469a year

    About the same as the county

    About the same as Pennsylvania

    • Palmyra
    • Lebanon
    • Pennsylvania

  • Households that own their home

    58%

    13 points below the county

    11 points below Pennsylvania

    • Palmyra
    • Lebanon
    • Pennsylvania

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$349,163
4.5% more than 12 months ago
Typical rent
$1,479 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Palmyra is in Lebanon County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lebanon County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Palmyra apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Lebanon, the typical home value is $156,500: 31% less than in Palmyra ($227,500).

  2. 58% of households in Palmyra own their home, against 71% in Lebanon County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Palmyra

What homes there are in Palmyra, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Palmyra there is a bit of everything: no kind of home reaches half. The most common are detached houses (49%); in Lebanon County, 62%.

Year built

In Palmyra, half of the homes were built before 1957; in Lebanon County, before 1972.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,600 a month

Lebanon County: $1,630 a month

Without a mortgage

$708 a month

Lebanon County: $627 a month

Owners with a mortgage

66%

Lebanon County: 58%

The typical cost for an owner with a mortgage in Palmyra is $1,600 a month, near the figure in Lebanon County ($1,630).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Palmyra gained value faster than in Lebanon County: 53% against 41%.

Rents in Palmyra rose more slowly than in Lebanon County: 22% since 2015–2019, against 27%.

The typical household income in Palmyra rose 50% over that time; home values changed +53% and rent +22%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePalmyraLebanon CountyPennsylvaniaUnited States
Rental vacancy Unreliable estimate4.5%4.9%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.7%1.6%3.4%
People per household 2.632.472.392.53
Drive alone 64%74%68%69%
Carpool 12%9%8%9%
Public transit Unreliable estimate1%4%3%
Walk or bike Unreliable estimate3%4%3%
Work from home 20%12%16%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.63 on average, against 2.47 in Lebanon County.

Many people here do not commute at all: 20% work from home; in Lebanon County, 12%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Palmyra?

A typical home is tight for the typical income

We start with a typical home in Palmyra, worth $227,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Palmyra, which is $77,469 a year. For that payment to be 28% of income, a household would need to earn about $84,928 a year.

The calculator's FHA and conventional loan limits are those of all of Lebanon County.

Your numbers

Local data
$

Starts at the typical home value in Palmyra. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,963 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,982

at 7.18% · 30 years

Loan amount
$223,379
Total interest
$321,390
Paid off in
November 2056

Includes $3,842 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,808 a month

  • Tight

    $1,808 to $2,324 a month

    Your payment · 31%

  • Hard

    more than $2,324 a month

Compared with the typical household income in Palmyra ($77,469 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,982
Principal & interest$1,513
Property tax$273
Home insurance$95
FHA mortgage insurance (MIP)$101

You need at least $7,963 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Palmyra and Lebanon County

Palmyra is in Lebanon County, Pennsylvania. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Palmyra's own numbers

Typical home value
$227,500
Typical monthly rent
$1,084
Typical yearly household income
$77,469
Households that own their home
58%
Effective property tax rate
1.44%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lebanon County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,353
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lebanon County.

Everything about Lebanon County

Buying

Buying a home in Palmyra

A typical home in Palmyra is worth $227,500: 6% below the county and 11% below Pennsylvania. With the typical household income in Palmyra ($77,469 a year), a typical home costs 2.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Palmyra 2.9 years
  • Lebanon 3.1 years
  • Pennsylvania 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lebanon County

According to FHFA’s house price index, home prices in Lebanon County rose 90% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lebanon County.

Period County Pennsylvania U.S.
Last year (2025) +7.4% +4.7% +2.9%
5 years (2020–2025) +60% +48% +47%
10 years (2015–2025) +90% +77% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Palmyra next to Lebanon County, Pennsylvania and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Palmyra $227,500
  • Lebanon $242,000
  • Pennsylvania $254,500
  • United States $332,700
Typical monthly rent
  • Palmyra $1,084
  • Lebanon $1,110
  • Pennsylvania $1,209
  • United States $1,413
Typical yearly household income
  • Palmyra $77,469
  • Lebanon $78,425
  • Pennsylvania $77,971
  • United States $80,734
See the full table
Palmyra next to Lebanon County and Pennsylvania
Measure Palmyra Lebanon County Pennsylvania U.S.
Typical home value $227,500 $242,000 $254,500 $332,700
Typical monthly rent $1,084 $1,110 $1,209 $1,413
Typical yearly household income $77,469 $78,425 $77,971 $80,734
Households that own their home 58% 71% 69% 65%
Typical yearly property tax $3,287 $3,310 $3,311 $3,119
Effective property tax rate 1.44% 1.37% 1.3% 0.94%
Renters with high rent for their income 44% 47% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lebanon County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Palmyra

For a typical $227,500 home in Palmyra, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Palmyra's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,982a month

    Least cash to close
    Down payment
    $7,963
    Cash to close
    $14,788
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $101

  • Conventional, 5% down $1,940a month

    Down payment
    $11,375
    Cash to close
    $18,200
    Rate
    7.18%
    Mortgage insurance
    PMI · $108

  • Conventional, 20% down, no PMI $1,601a month

    Down payment
    $45,500
    Cash to close
    $52,325
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,811a month

    Down payment
    $34,125
    Cash to close
    $40,950
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Palmyra and for Lebanon County.

Property tax

Effective rate in Palmyra

1.44%of the home’s value each year

$3,287 a year for the typical owner in Palmyra.

  • Palmyra 1.44%
  • Lebanon 1.37%
  • Pennsylvania 1.3%

What Pennsylvania publishes Property Tax/Rent Rebate Program (PTRR) (Pennsylvania Department of Revenue)

Exemptions and deadlines in Pennsylvania

Flood risk in Lebanon County

FEMA does not publish these numbers by city: they are for all of Lebanon County.

Homes in the high-risk zone
0.9%
477
Of those, with NFIP insurance
29%
County Pennsylvania U.S.
Homes in the high-risk zone 0.9% 2% 3.5%
Of those, with NFIP insurance 29% 23% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Palmyra

Typical rent in Palmyra is $1,084 a month: 2% below the county. In Palmyra, 44% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lebanon County, by unit size. To pay the 2-bedroom one ($1,353 a month) without spending more than 30% of your income, you would need to earn $26.02 an hour working full time.

HUD fair market rent for all of Lebanon County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $991 $19.06 $39,640
1 bedroom $1,071 $20.60 $42,840
2 bedrooms $1,353 $26.02 $54,120
3 bedrooms $1,742 $33.50 $69,680
4 bedrooms $1,894 $36.42 $75,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Palmyra

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Palmyra is in ZIP code 17078.

For 2 bedrooms it is $1,540: $187 more than the fair market rent for Lebanon County ($1,353).

  • 17078 $1,540$1,980

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Palmyra when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Palmyra

HUD lists 2 buildings with rents for lower incomes in Palmyra. These are the largest.

  • Palmyra Interfaith Manor 101 S Railroad St, Palmyra 17078 101 homes, 100 low-income · For older adults (717) 838-5267
  • Cherry Place 255 W North Ave, Palmyra 17078 41 low-income homes · 1 bd: 41 · In service since 1996

See all 21 buildings in Lebanon County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Palmyra

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Lebanon County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Palmyra

No down payment, repair or rent-help program on our list is for Palmyra or Lebanon County. The ones below are statewide in Pennsylvania: they work in Palmyra the same as in the rest of the state.

Which programs do I qualify for? All programs in Pennsylvania

Housing counselors near Palmyra

The HUD-approved agencies closest to the center of Palmyra, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Tri-County HDC LTD

    201 N Front St, Harrisburg · 16 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (717) 231-3604

  • Pennsylvania Housing Finance Agency

    211 North Front Street, Harrisburg · 16 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (800) 342-2397

  • The Fair Housing Council of the Capital Region, Inc

    2100 N 6th St, Harrisburg · 16 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (717) 238-9540

All counseling agencies in Pennsylvania

Help in Spanish near Palmyra

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Palmyra

HUD’s record names them for Palmyra or Lebanon County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the County of Lebanon Public housing and Section 8 vouchers (717) 274-1401

All housing agencies in Pennsylvania Source: HUD

Cities

Other cities in Lebanon County

These cities are also in Lebanon County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lebanon County Housing in Pennsylvania

Nearby cities

The cities closest to Palmyra, with the typical home value.

Neighboring counties

If Lebanon County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Palmyra.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Palmyra

Short answers with the numbers for Palmyra and all of Lebanon County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Palmyra?

The typical home value in Palmyra is $227,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lebanon County it is $242,000.

How much does it cost to rent in Palmyra?

Typical rent in Palmyra is $1,084 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lebanon County is $1,353.

What is the FHA loan limit in Palmyra?

Palmyra uses the FHA limit for all of Lebanon County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Palmyra?

The typical homeowner in Palmyra pays $3,287 a year, according to the U.S. Census Bureau. That is 1.44% of the home’s value; in Lebanon County, the rate is 1.37%.

Where can I find free help to buy or rent in Palmyra?

We found no HUD-approved counseling agencies with an office in Lebanon County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).