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Palmyra, MO

Full City Profile · Missouri

3.7 /5.0
B+ Good
3,620 Population 1,168/sq mi density
$69,211 Median Income $31,995 per capita
$165,000 Home Value $232,720 Zillow
$852 Median Rent 20.6% income on rent
53°F Avg Temperature 265 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$69,211 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$165,000 home value, $852/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B
Education
3.2 / 5.0
27.9% bachelor's degree or higher

Housing Overview

Median Home Value
$165,000
41% below
US avg: $281,900
Median Rent
$852/mo
27% below
US avg: $1,163/mo
Homeownership Rate
72.4%
11% above US avg (65.4%)
Total Housing Units
1,666
Median year built: 1966

Home Value by Source

Census Median
$165,000
Zillow (ZHVI)
$232,720
Median Sale Price
$142,500
Median List Price
$289,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

72.4%
Owner-Occupied
27.6%
Renter-Occupied
72%
28%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$732/mo
1 Bedroom
$775/mo
2 Bedroom
$970/mo
3 Bedroom
$1,265/mo
4 Bedroom
$1,457/mo
Census median rent: $852/mo

Market Indicators (Redfin)

Median Days on Market
253 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$118
Active Inventory
12
homes for sale

Affordability & Housing Stock

Rent Burden
20.6%
of renters spending 30%+ of income on housing
34% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
72.4%

Complete Housing Data

Home Values

Census Median Value$165,000
Zillow Home Value (ZHVI)$232,720
Median Sale Price$142,500
Median List Price$289,000
Price Per Sq Ft$118

Rent

Census Median Rent$852
FMR Studio$732
FMR 1-Bedroom$775
FMR 2-Bedroom$970
FMR 3-Bedroom$1,265
FMR 4-Bedroom$1,457

Market

Days on Market253
Sale-to-List Ratio0.9%
Price Drops25.0%
Homes Sold2
Active Inventory12
Price Per Sq Ft$118

Ownership & Stock

Owner-Occupied72.4%
Renter-Occupied27.6%
Homeownership Rate72.4%
Total Housing Units1,666
Median Year Built1966
Rent Burden20.6%