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Palmyra, IL
Full City Profile · Illinois · Macoupin County County
3.2
/5.0
B
Good
524
Population
524/sq mi density
$46,477
Median Income
$28,322 per capita
$86,400
Home Value
$142,395 Zillow
$670
Median Rent
29.0% income on rent
53°F
Avg Temperature
293 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$46,477 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$86,400 home value, $670/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Housing Overview
Median Home Value
$86,400
69% below
US avg: $281,900
Median Rent
$670/mo
42% below
US avg: $1,163/mo
Homeownership Rate
81.2%
24% above US avg (65.4%)
Total Housing Units
334
Median year built: 1963
Home Value by Source
Census Median
$86,400
Zillow (ZHVI)
$142,395
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.2%
Owner-Occupied
18.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$670/mo
Affordability & Housing Stock
Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
81.2%
Complete Housing Data
Home Values
| Census Median Value | $86,400 |
| Zillow Home Value (ZHVI) | $142,395 |
Rent
| Census Median Rent | $670 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 81.2% |
| Renter-Occupied | 18.8% |
| Homeownership Rate | 81.2% |
| Total Housing Units | 334 |
| Median Year Built | 1963 |
| Rent Burden | 29.0% |