Palmyra, NE
Full City Profile · Nebraska · Otoe County County
3.7
/5.0
B+
Good
642
Population
1,888/sq mi density
$81,458
Median Income
$36,292 per capita
$160,900
Home Value
$347,382 Zillow
$1,143
Median Rent
23.8% income on rent
51°F
Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$81,458 median income, 4.0% unemployment
A+
Affordability
5.0 / 5.0
$160,900 home value, $1,143/mo rent
D
Education
1.8 / 5.0
10.1% bachelor's degree or higher
Housing Overview
Median Home Value
$160,900
43% below
US avg: $281,900
Median Rent
$1,143/mo
2% below
US avg: $1,163/mo
Homeownership Rate
92.8%
42% above US avg (65.4%)
Total Housing Units
294
Median year built: 1964
Home Value by Source
Census Median
$160,900
Zillow (ZHVI)
$347,382
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
92.8%
Owner-Occupied
7.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent:
$1,143/mo
Affordability & Housing Stock
Rent Burden
23.8%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
92.8%
Complete Housing Data
Home Values
| Census Median Value | $160,900 |
| Zillow Home Value (ZHVI) | $347,382 |
Rent
| Census Median Rent | $1,143 |
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
Ownership & Stock
| Owner-Occupied | 92.8% |
| Renter-Occupied | 7.2% |
| Homeownership Rate | 92.8% |
| Total Housing Units | 294 |
| Median Year Built | 1964 |
| Rent Burden | 23.8% |