Palmyra, Indiana.
Typical home $231,603 (+2.0% in a year). Louisville/Jefferson County, KY-IN metro.
to buy the typical home at today's mortgage rate — +$669 (+122%) since Jan 2020.
- 1 year
- Up $4,481 +2%
- $227,123$231,603 since Sep 2025
- 5 years
- Up $50,089 +28%
- $181,515$231,603 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$1,216
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Palmyra, IN rose 2.0% over the past year — faster than the nation's +1.2%.
Living in Palmyra, Harrison County, Indiana
Palmyra is a town of 898 people in Harrison County. Half its households earn more than $60,862 a year and half less, against $74,475 across Harrison County. 66% of its homes are lived in by their owners and 34% are rented. Unemployment in Harrison County was 3.5% in August 2026, and the county had 1.4% fewer jobs in 2025 than the year before. The most people in Harrison County work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 very small town in Harrison County, Indiana, where most homes are lived in by their owners. Household incomes run below the county's, and few adults hold a four-year degree. Winters are cold, with some snow, and summers are warm, with plenty of rain and melted snow through the year.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops, and transport and warehouses also common. Across Harrison County, the largest workplaces include Caesars Southern Indiana, Harrison County Hospital and South Harrison Com Schools. The typical commute is a long one, and a small share of people work from home.
Things to do. Buffalo Trace Park, a protected area in or beside town, is the nearest place to get outdoors. A longer drive away are Wyandotte Caves, a tourist attraction, and Hoosier National Forest, another protected area. The Louisville Zoo is also a longer drive away.
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- 460households
- 11%of adults have a degree
- 34 mintypical commute
- 10%work from home
What people in Harrison County work in
Employed residents by industry, from the Census survey. Harrison County had 10,113 jobs in 2025, 1.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 24°; warmest in July, with highs near 87° and lows near 65°. About 14 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Salem weather station, 14 miles away (NOAA).
Largest workplaces in Harrison County
- Caesars Southern IndianaCasino hotels940
- Harrison County HospitalCritical access hospital490FTE
- South Harrison Com SchoolsSchool district470FTE
- Frontier-Kemper ConstructorsTunnel construction400
- WalmartWarehouse clubs and supercenters335
- Blue River ServicesCentralized administrative offices300
- North Harrison Com School CorpSchool district294FTE
- Martinrea InternationalJob stampings, automotive, metal, manufacturing255
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 24 workplaces with 20 or more staff, 3,843 people in all across the county; Palmyra has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (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
- TornadoesVery high
- Strong windVery high
- Winter weatherRelatively high
- LightningRelatively high
- Cold wavesRelatively high
- Inland floodingRelatively 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 moderate. 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 Harrison County and the Louisville/Jefferson County, KY-IN 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$231,603
- Indiana$257,165
- 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.
- Palmyra9
New listings per month
Sellers arriving at the market.
- Palmyra4
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.