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Learn about the people, housing, costs and businesses in Palmyra, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Palmyra.
True all-in cost — P&I, taxes, insurance & utilities for homes in Palmyra.
Find and compare lenders active near Palmyra.
FEMA flood zones and flood insurance estimates for Palmyra.
Seismic risk and earthquake insurance estimates for Palmyra.
Wildfire exposure and insurance estimates for Palmyra.
As of today, the 30-year fixed mortgage rate for Palmyra is approximately 7.060% (7.074% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for PalmyraThe median home value in Palmyra is $149k. The median monthly rent is $705. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Palmyra have increased 8.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $760/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palmyra is $62k/year.
Calculate your buying powerThe largest employment sectors in Palmyra are public administration (25%) and agriculture and mining (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.