Palmyra, NJ Real Estate and Homes for Sale
How much do homes cost in Palmyra, NJ?
Over the past 12 months, 113 homes sold in Palmyra at a median price of $300,000, and most sold between $235,000 and $362,000. The typical home went under contract in 23 days (Bright MLS, November 2025 through October 2026).
Schools
Public school students in Palmyra attend the Palmyra Public Schools (pre-K through 12th grade).
Test scores, enrollment, class sizes and programs for each district are in the state’s School Performance Reports (NJ Department of Education, 2023-24):
Property taxes
In 2025, the average residential property tax bill in Palmyra was $6,833, below the Burlington County average of $8,197.
Palmyra assesses homes at about 60% of market value, so its 4.589% tax rate works out to an effective rate of 2.752% of what a home is worth. At that rate, a home selling at the local median price of $300,000 would pay roughly $8,260 a year, about $688 a month. The actual bill depends on the home’s assessed value.
| Municipality | Average tax bill | Tax rate | Assessed at | Effective rate |
|---|---|---|---|---|
| Palmyra | $6,833 | 4.589% | 60% | 2.752% |
| Riverton | $10,220 | 4.087% | 64% | 2.615% |
| Cinnaminson | $8,679 | 3.669% | 58% | 2.141% |
| Pennsauken | $6,139 | 2.172% | 110% | 2.396% |
| Burlington County average | $8,197 |
2025 figures. “Assessed at” is the share of market value used for assessments (effective rate divided by tax rate). Source: NJ Division of Taxation, 2025 Average Residential Statistics and 2025 General and Effective Tax Rates.
The real estate market right now
12-month snapshot (Bright MLS, Palmyra Boro, closed sales November 2025 through October 2026):
- Median sale price: $300,000 (113 closed sales)
- Year over year: down about 6.2% from a $320,000 median the prior 12 months
- Typical range: most homes sold between $235,000 and $362,000
- Median price per square foot: $212
- Median days on market: 23 days
- Sale-to-list ratio: 100.1%
- Sold over asking: 41% of sales
For county-level trends, see our Burlington County real estate market report, updated monthly.
Palmyra, NJ Homes For Sale Right Now
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