Palmyra, Missouri.
Typical home $246,898 (+4.3% in a year). Hannibal, MO metro.
to buy the typical home at today's mortgage rate — +$753 (+139%) since Jan 2020.
- 1 year
- Up $10,217 +4%
- $236,681$246,898 since Sep 2025
- 5 years
- Up $67,806 +38%
- $179,091$246,898 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$1,296
- Missouri$1,393
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Palmyra, MO rose 4.3% over the past year — faster than the nation's +1.2%.
Living in Palmyra, Marion County, Missouri
Palmyra is a city of 3,613 people in Marion County. Half its households earn more than $69,922 a year and half less, against $62,903 across Marion County; 5% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Marion County was 3.9% in August 2026, and the county had 0.6% more jobs in 2025 than the year before. The most residents 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 It can be wrong or out of date.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 small city and the seat of Marion County in northeastern Missouri. Most homes are lived in by their owners, and household incomes run above the county's, with relatively few people living below the poverty line. Winters are cold, with January the coldest month, and summers are warm, with July the warmest; rain and melted snow add up to a fair amount over the year.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, shops, and banks, insurance and property. Among the largest workplaces in Palmyra are Palmyra R-I Schools, Niemann Foods and Port Industries, which makes irrigation equipment. Commutes are short, and unemployment in Marion County is lower than it was a year earlier.
Things to do. A short drive away, Riverview Park in Hannibal is a good spot for a walk, and the Fabius River is close by too. A longer drive brings you to the Mark Twain Boyhood Home & Museum, and Mark Twain Cave, a well-known tourist attraction. Wakonda State Park, a protected area, is also a longer drive away.
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- 1,415households
- 27%of adults have a degree
- 5%below the poverty line
- 17 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Marion County had 12,987 jobs in 2025, 0.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 35° and lows near 19°; warmest in July, with highs near 87° and lows near 68°. About 36 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Quincy Dam weather station, 9 miles away (NOAA).
Largest workplaces in Palmyra
- Palmyra R-I SchoolsSchool district157FTE
- Niemann Foods47
- Port IndustriesIrrigation equipment, agriculture, manufacturing44
- Missouri Rural Electric CooperativeDistribution of electric power25
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 116 people in all. School districts come 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
- Strong windRelatively high
- Heat wavesRelatively high
- LightningRelatively high
- Cold wavesRelatively high
- HailRelatively moderate
- TornadoesRelatively moderate
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 low. 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 Marion County and the Hannibal, MO 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$246,898
- Missouri$265,387
- 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.
- Palmyra15
New listings per month
Sellers arriving at the market.
- 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.