Real Estate Investing in Palmyra, Pennsylvania (17078)
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Should you buy in 17078 (Palmyra, PA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Palmyra, PA (17078)?
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Market Analysis: 17078 Palmyra
Investors eyeing 17078 need to respect the fundamentals at play. Home values of $353K come alongside slower price movement and elevated management overhead.
The 17078 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 17078 sits on the difficult end of the PA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
On balance, 23,798 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 17078 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Palmyra:
Property Strategy for 17078
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $252,935 | $1,620 | 4.6% | +9.1% | $126,468 |
| 3BR | $315,179 | $2,060 | 4.7% | +7.9% | $105,060 |
| 4BR | $465,579 | $2,230 | 3.4% | +8.1% | $116,395 |
| 5BR | $542,664 | — | — | +8.0% | $108,533 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 17078 Compare?
| Metric | 17078 | Palmyra | Lebanon, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $353,432 | $353,432 | N/A | $278,018 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 6.3% |
| Avg Rent | $1,513 | $1,513 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17078 (Palmyra, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,432 |
| Monthly Rent | $1,513 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 17078
Population: 23,798
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 17078
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hershey Early Childhood Ctr
Hershey Intrmd El Sch
Hershey MS
Hershey Primary El Sch
South Hanover El Sch
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 733 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Palmyra, PA rate as a rental market?
Palmyra, PA rates 3.0/5 for investability. With median values at $353K and rents near $1,513/mo, the market offers reasonable fundamentals for rental investors.
How deep is the rental pool in Palmyra, PA?
Expect a solid tenant pool in Palmyra, PA. The rental market absorbs $1,513/mo rents without meaningful friction.
What do rentals go for in Palmyra, PA?
Rental rates in Palmyra, PA average $1,513/mo. Tenant demand and $353K home values make the yield look reasonable by investor standards.
How should investors approach Palmyra, PA?
In Palmyra, PA the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $353K prices and $1,513/mo rents suits that approach.
Are landlord laws favorable in Palmyra, PA?
Rental owners in Palmyra, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 17078 now. You don’t know where it ranks.
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How 17078 ranks in Lebanon, PA
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