Palmyra, Illinois.
Typical home $143,273 (-6.3% in a year). St. Louis, MO-IL metro.
to buy the typical home at today's mortgage rate — +$245 (+48%) since Jan 2020.
- 1 year
- Down $9,608 -6%
- $152,882$143,273 since Sep 2025
- 5 years
- Down $2,077 -1%
- $145,350$143,273 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Palmyra$752
- Illinois$1,553
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Palmyra, IL fell 6.3% over the past year — slower than the nation's +1.2%.
Living in Palmyra, Macoupin County, Illinois
Palmyra is a village of 605 people in Macoupin County. Half its households earn more than $44,276 a year and half less, against $70,805 across Macoupin County; 8% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Macoupin County was 3.8% in August 2026, and the county had 2.3% fewer jobs in 2025 than the year before. The most people in Macoupin County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Palmyra is a small village in Macoupin County, home to a close-knit community. Most households own the home they live in, and household incomes run well below the county's. Winters are cold, with January highs only a little above freezing and some snow through the season, while summers turn properly warm by July, and rain and melted snow arrive in fair amounts across the year.
Work. Residents work mostly in schools, hospitals and social care, with others in shops, manufacturing and the building trades. Across Macoupin County, some of the largest workplaces are Carlinville Area Hospital, Carlinville CUSD 1 and North Mac CUSD 34. Unemployment across the county is lower than a year earlier, though the county has fewer jobs than it did the year before.
Things to do. Otter Lake, a lake, is a short drive away and is the closest spot for time on the water. A longer drive brings you to Waverly Lake, a reservoir, and to Beaver Dam State Park, a protected area for walking and spending a day outdoors. The Abraham Lincoln Memorial Garden, a botanical garden, is also a longer drive away.
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- 239households
- 9%of adults have a degree
- 8%below the poverty line
What people in Macoupin County work in
Employed residents by industry, from the Census survey. Macoupin County had 9,921 jobs in 2025, 2.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 19°; warmest in July, with highs near 86° and lows near 66°. About 16 inches of snow and 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Carlinville weather station, 12 miles away (NOAA).
Largest workplaces in Macoupin County
- Carlinville Area HospitalCritical access hospital240FTE
- Carlinville CUSD 1School district206FTE
- North Mac CUSD 34School district194FTE
- WalmartWarehouse clubs and supercenters182
- Gillespie CUSD 7School district176FTE
- Staunton CUSD 6School district165FTE
- Blackburn CollegeUniversity or college149
- Mount Olive Container129
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 33 workplaces with 20 or more staff, 2,077 people in all across the county; Palmyra has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- HailRelatively high
- LightningRelatively high
- EarthquakesRelatively high
- Heat wavesRelatively high
- Cold wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Palmyra’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Macoupin County and the St. Louis, MO-IL metro.
Palmyra home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Palmyra$143,273
- Illinois$295,943
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Palmyra6
Zip codes with a Palmyra address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Palmyra — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.