A typical Palmyra home is worth roughly $688,000
Home prices around Palmyra have risen about 50% over the past 5 years.
What kind of housing town is Palmyra?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Palmyra
Try your own numbers below.
That’s $297K short of a typical Palmyra home.
A two-bedroom rents for about $1,410 a month here, $2,490 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Utah typical property tax (0.52% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 50% in 5 years
The federal house price index for the ZIP code around Palmyra rose 50% over the past 5 years, about the same as across Utah. Last year prices rose 2.4%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Palmyra, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,410
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Provo-Orem-Lehi, UT MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
72% of Palmyra households own their home
Half of Palmyra’s homes were built before 1991.
Utah: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Palmyra vs. its neighbors
Palmyra is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Palmyra | $688K* | +2.4%† | $1,410 | — | $97,188 |
| Lake Shore | $713K* | +2.4%† | $1,410 | — | $99,058 |
| Benjamin | $688K* | +2.4%† | $1,410 | — | $69,632 |
| Spanish Fork | $514K | +1.7% | $1,410 | 177 | $104,844 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Palmyra buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.