The story of this market
The typical home in ZIP 17078 sells for about $423,000, or $228 per square foot.
Prices are up +12.4% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,247 a month.
ZIP 17078 — Palmyra
The Palmyra housing market is experiencing strong demand, evidenced by rising median prices and a competitive sale-to-list ratio. Low inventory levels continue to drive price appreciation, making it a seller-favored market. The area's appeal is bolstered by its proximity to major regional employers and high-quality school districts.
This ZIP is ideal for families and commuters seeking a quiet, suburban lifestyle with high-quality schools and convenient access to major regional employment hubs.
Median prices moved up 12.4% year over year.
Homes spend a median of 25 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 101.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 7.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 17078, Lebanon County PA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Palmyra are generally low, with the area experiencing significantly less violent and property crime compared to the broader Harrisburg-Carlisle metropolitan region.
The area is served by the Palmyra Area School District, which is generally regarded for its solid academic performance and community-focused educational environment.
The region faces moderate risks from seasonal severe weather, including heavy rain and potential flooding in low-lying areas, though it is not a high-risk zone for major wildfires.
Palmyra benefits from its proximity to the Harrisburg employment hub and steady residential development, with ongoing interest in suburban housing expansion.
Property taxes are levied by Lebanon County, the Palmyra Area School District, and the local township, with rates determined by assessed property values and annual millage adjustments.
Residents primarily commute by car, with efficient access to US-422 and I-81 providing direct routes to Harrisburg and Hershey employment centers.
The area features local parks and green spaces, with proximity to Hershey's major entertainment venues, golf courses, and shopping districts within a short drive.
The rental market is characterized by low vacancy pressure and rising rents, driven by limited inventory and high demand from commuters working in nearby Hershey and Harrisburg.
The local economy is anchored by proximity to the Hershey Company and the broader Harrisburg healthcare and government sectors, providing a stable employment base.
Transportation is heavily reliant on private vehicles, with major highway corridors like US-422 and I-81 serving as the primary arteries for regional transit.
Development is focused on residential growth and small-scale commercial expansion to support the increasing population density.
The Lebanon County Assessment Office manages property valuations, with periodic reassessments to ensure tax equity across the county.
Parcels are subject to school district taxes, municipal taxes, and county levies, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low exposure to catastrophic natural disasters.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local green space and recreational facilities for residents.
Located just minutes away, offering major theme parks, museums, and dining.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.