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Palmyra, UT
Full City Profile · Utah · Utah County County
2.6
/5.0
C+
Fair
346
Population
52/sq mi density
$92,857
Median Income
$35,892 per capita
$583,300
Home Value
$511,660 Zillow
$1,500
Median Rent
25.0% income on rent
53°F
Avg Temperature
308 sunny days/yr
21
Violent Crime/100K
1,298 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$92,857 median income, 3.8% unemployment
B
Affordability
3.1 / 5.0
$583,300 home value, $1,500/mo rent
F
Safety
1.0 / 5.0
21 violent crimes/100K
D
Education
1.8 / 5.0
9.4% bachelor's degree or higher
Housing Overview
Median Home Value
$583,300
107% above
US avg: $281,900
Median Rent
$1,500/mo
29% above
US avg: $1,163/mo
Homeownership Rate
68.9%
5% above US avg (65.4%)
Total Housing Units
184
Median year built: 1988
Home Value by Source
Census Median
$583,300
Zillow (ZHVI)
$511,660
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.9%
Owner-Occupied
31.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$981/mo
1 Bedroom
$1,082/mo
2 Bedroom
$1,313/mo
3 Bedroom
$1,746/mo
4 Bedroom
$2,105/mo
Census median rent:
$1,500/mo
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
68.9%
Complete Housing Data
Home Values
| Census Median Value | $583,300 |
| Zillow Home Value (ZHVI) | $511,660 |
Rent
| Census Median Rent | $1,500 |
| FMR Studio | $981 |
| FMR 1-Bedroom | $1,082 |
| FMR 2-Bedroom | $1,313 |
| FMR 3-Bedroom | $1,746 |
| FMR 4-Bedroom | $2,105 |
Market
Ownership & Stock
| Owner-Occupied | 68.9% |
| Renter-Occupied | 31.1% |
| Homeownership Rate | 68.9% |
| Total Housing Units | 184 |
| Median Year Built | 1988 |
| Rent Burden | 25.0% |