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Palmyra

Palmyra

Located in Marion County

$245,751 Average Value
$130 Average Price per Sq Ft
14 Homes For Sale

Palmyra offers a quiet lifestyle near larger cities

Palmyra is a city of about 3,500 with a small-town atmosphere and access to a well-performing school system and recreation areas. Palmyra’s downtown and Highway 61 corridor provide many shopping, dining, employment and transportation options. The community is also close to Hannibal and Quincy, making it a sought-after bedroom community for those who commute. “Palmyra is about 20 minutes away from Quincy, which is a much bigger city,” says Debbie Kendrick, managing broker at See Real Estate with over 35 years of experience. “Its proximity to Quincy and the highway corridor of 61 is a big deal because it brings a stronger economy with more businesses, and it’s also the county seat of Marion County.”

Renovated historic homes and postwar properties shape Palmyra's market

Palmyra is set among rolling hills and the open countryside, and has a diverse mix of housing. Properties close to downtown are perched along tree-lined country roads, and many have lawns and small decks in backyards. Homes out in the country are more widely spaced, and many sit on active farmland. The style of architecture ranges from 1800s cottages, Colonial Revivals and farmhouses to 20th-century ranch styles and Cape Cods. Modest-sized homes and fixer-uppers can sell from $100,000 to $150,000, while remodeled dwellings and homes built post-1950s range from $150,000 to $360,000. Those over 3,500 square feet or built in the current century can sell from $460,000 to about $750,000. “Palmyra’s got lots of historic homes, and many have been renovated and in great condition,” Kendrick says, adding that the median price for a traditional three-bedroom is about $300,000.

Palmyra has a well-performing school district

Palmyra R-I School District serves the city. Palmyra Elementary School earns a B-plus grade from Niche. Palmyra Middle School and Palmyra High are both rated B-minus. The local high school has varsity sports teams for basketball, football and softball.

Outdoor spaces support swimming, soccer and golf

Considered the community’s recreation hub, the 300-acre Flower City Park features two disc golf courses, a swimming pool, a fishing lake, fields for baseball and soccer and tennis courts. Gram’s Playground is adjacent to the city park, and the nine-hole golf course at Jackson Park is open to the public.

Shopping and dining options along highways 168 and 61

Businesses and restaurants are concentrated along the highway corridors. The Rebel Pig is a family-owned barbecue joint popular for its buffet and premium burgers. El Nopal serves casual Mexican food and margaritas in a colorful setting. County Market and Dollar General stock groceries and daily essentials. Local stores such as Maggie's Boutique line Main Street, providing a variety of shopping options.

Distance to Quincy and Hannibal

U.S. Route 61 and Missouri Route 168 pass through Palmyra. Quincy, Illinois, is about 15 miles north of the community, and Hannibal is also the same distance. Canton is roughly 25 miles north, and Quincy Regional-Airport is about 30 miles east, offering direct connections to and from Chicago and St. Louis. Hannibal Regional Hospital is 10 miles away.

Events in Palmyra and Marion County

The annual Marion County Fair takes place in Palmyra, featuring fun rides for children, livestock exhibits, contests, races and classic fair food. Taste of Palmyra is a food fair in October, with local cuisine, live entertainment, a car show, and trick-or-treating. Other events include an easter egg hunt, a flay day celebration and a golf tournament organized by the city’s chamber of commerce.

Christina Xu
Written By
Christina Xu

Interested in learning more about homes in this area? Reach out to Donnely Jung, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Palmyra Housing Trends

Housing Trends

Median List Price
$215,000
Median Sale Price
$213,500
Median Single Family Sale Price
$215,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
38
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$130

Area Facts

Number of Homes in Neighborhood
433
Number of Homes for Sale
14
Median Year Built
1964
Months of Supply
4.40
Average Single Family Home Size Sq Ft
1,617
Below the national average
1,925
Average Townhouse Size Sq Ft
1,590
Average 2 Bedroom Size Sq Ft
1,537
Median Lot Size Sq Ft
9,583

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Palmyra Has More Owners

Demographics

Total Population
3,405
Median Age
40
Population Density
1 person/acre
Population under 18
26.6%
On par with the national average
23.8%
Population over 65
21.1%
On par with the national average
19.1%

Finances

Median Household Income
$57,869
Below the national average
$71,702
Average Household Income
$65,945

Education and Workforce

High School Graduates
91.6%
College Graduates
23.5%
Below the national average
34.1%
Advanced Degrees
8.7%
On par with the national average
13.3%
% Population in Labor Force
68.3%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
18°F
Average Summer High Temperature
86°F
Annual Snowfall
13''

Area Factors

Somewhat Bikeable

Bike Score®®

36 / 100

Car-Dependent

Walk Score®®

29 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Palmyra
Donnely Jung
Ravenscraft Realty
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