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Palmyra city, MO

ZIP 63461 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 63461

Median Home Value
$176,500
Median Rent
$509
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,134/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 63461 in Palmyra city, MO, a household would need roughly $49,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,134. That sits below the local median household income ($68,633), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
76.6%+17% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
1.7%-76% vs US avg
x
Rent Burden >30%
10.2%-79% vs US avg
x
Mortgage-Free
50.9%+33% vs US avg
x
$176,500
Home Value
$509
Rent
1970
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.7%
  • 1-unit attached2.4%
  • 2-9 units13.4%
  • 10+ units2.0%
  • Mobile home & other5.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$176,500
Median rent$509
Owner-occupied76.6%
Vacant13.2%
Price-to-income2.6x
Est. income to buy$49,000