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Palmyra

Palmyra

Located in Jefferson County

$419,474 Average Value
$239 Average Price per Sq Ft
8 Homes For Sale

Nature, lakes and a small community define Palmyra

Palmyra is a village in Jefferson County with a small community, quiet streets and serene surroundings. Kettle Moraine State Forest borders the eastern and southern ends of the village, and some homes are along its peaceful lakes. The area has a few employers, a compact school district and a downtown area with local shops. Its close connection with nature keeps born-and-raised residents around and attracts homebuyers looking for a quiet place off the beaten path.

Home prices range widely, but the median stays below nearby areas

The area's homes were predominantly built in the early to mid-1900s, although styles from the latter half of the century are around the lakes. Cape Cods, bungalows and simple cottages are on the village's gridded streets, around the schools and small downtown area. They range from $230,000 to $350,000. Ranch-style, split-level and bi-level homes near Spring Lake are slightly more expensive, selling between $325,000 and $400,000. Blue Spring Lake is bordered by the nearby state forest. Homes around the lake's perimeter fetch higher prices, with some recent sales between $310,000 and $880,000. Despite the occasional high price tags, Palmyra's median sale price of $315,000 is lower than other villages or cities nearby. "It's a good spot for those wanting to be in Jefferson County but close to Oconomowoc and Waukesha, where homes are more expensive," says Leah Thorp, a Realtor with Coldwell Banker Elite.

Fishing on the lakes and hiking in the state forest

According to local history, Blue Spring Lake was made using water from the Great Geyer Spring, a natural spring with crystal clear water. Three nearby farms were purchased and flooded to create the lake, and a community formed shortly thereafter. There are some rules: no boat speeds over eight miles per hour, no businesses or marinas along the shores, no rental properties and no second homes on lots. These rules led to a fully residential and calm lake, where fishing and lounging are the main attractions. Anglers fish for northern pike, largemouth bass and panfish. Spring Lake has the same fish, a public beach and a swimming area.

Kettle Moraine State Forest spans more than 56,000 acres in southeastern Wisconsin. The stretch near Palmyra has hiking and mountain biking trails, observation centers and campgrounds. The Ice Age National Scenic Trail is a 1,200-mile-long trail through the forest that passes by the village.

A shared district with electric vehicles and a free Montessori option

Palmyra-Eagle School District unites Palmyra and the Village of Eagle with three shared traditional schools. "There used to be one elementary school in both Eagle and Palmyra, but they combined them because the district and class sizes were so small," Thorp says. Eagle Elementary School and Palmyra-Eagle Middle School are rated C-plus by Niche, while Palmyra-Eagle High School earns a B. The middle school and high school share one building, and the district is the first in Wisconsin with a fully electric fleet of school buses and transportation. Palmyra-Eagle Montessori School is an elective school that teaches prekindergarten through third grade at no extra cost to residents.

Most residents commute, with highways linking to nearby cities

Standard Process Inc. is a nutritional supplement and food-based product supplier that employs people in the community. Other employers include suppliers and material manufacturers. "Most people living in Palmyra, however, commute outside the area for work," Thorp says. "It's a bit removed from the interstate. So, it's not as convenient to get to Madison and Milwaukee, but smaller cities are nearby." Wisconsin Highway 59 and Wisconsin Highway 106 meet in the middle of the village. Highway 59 heads about 23 miles to Waukesha, and Milwaukee is 44 miles northeast. Milwaukee Mitchell International Airport is about 40 miles east, and the nearest hospital, ProHealth Waukesha Memorial Hospital-Mukwonago, is about 16 miles east.

Small shops and restaurants anchor the village’s Main Street

Palmyra's little downtown area along Main Street has specialty shops, clothing stores, a library and family owned restaurants. Main Street Family Restaurant, Hot Rods Bar-N-Grill and Genoa Pizza are on the main strip, and Nite Cap Inn is a short walk away. "They have a fantastic fish fry," Thorp says. Jim & Judy's Food Market and Dollar General are in the village, and Walmart and Aldi are 11 miles west in Whitewater.

Heather Haggerty
Written By
Heather Haggerty

Interested in learning more about homes in this area? Reach out to Jennifer Luna, 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

Palmyra Housing Trends

Housing Trends

Median List Price
$389,900
Median Sale Price
$336,000
Median Single Family Sale Price
$393,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
25
Median Home Sale Price YoY Change
-4%
Average Price Per Sq Ft
$239

Neighborhood Facts

Number of Homes for Sale
8
Months of Supply
3.80

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Palmyra Has More Owners

Demographics

Total Population
1,416
Median Age
45
Population Density
1 person/acre
Population under 18
20.6%
On par with the national average
23.8%
Population over 65
22.9%
On par with the national average
19.1%

Finances

Median Household Income
$70,185
On par with the national average
$71,702
Average Household Income
$77,981

Education and Workforce

High School Graduates
90.4%
College Graduates
21.3%
Below the national average
34.1%
Advanced Degrees
6.5%
Below the national average
13.3%
% Population in Labor Force
67%

Weather

Annual Precipitation
38''
Average Winter Low Temperature
11°F
Average Summer High Temperature
81°F
Annual Snowfall
34''

Area Factors

Somewhat Bikeable

Bike Score®®

45 / 100

Somewhat Walkable

Walk Score®®

58 / 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
Jennifer Luna
Luna Listings
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