HomeNew JerseyBurlington CountyPalmyra
Palmyra, New Jersey: commercial real estate data.
Palmyra is a Census borough of 7,485 people across 1.85 square miles of land, in Burlington County. Median household income is $89,574, 71.4 percent of occupied homes are owned, and the SBA record carries 16 7(a) approvals to borrowers here worth $6.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Palmyra
What Palmyra is
- Census place typeborough
- Land area1.85 sq mi
- Water area0.76 sq mi
- Population per square mile of land4,047
- County holding the largest share of its areaBurlington County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmyra
How many people live in Palmyra
- Population7,485
- Median age44.1
- Population under 181,274 plus or minus 267
- Share under 1817.0 percent plus or minus 3.6
- Population 65 and over1,413
- Share 65 and over18.9 percent
- Households3,287
- Family households1,833
- Share of households that are families55.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmyra
Income and work in Palmyra
- Median household income$89,574
- Per capita income$44,628
- Civilian labor force4,594
- Employed4,297
- Unemployed297 plus or minus 90
- Unemployment rate6.5 percent plus or minus 1.9
- Adults 25 and over5,587
- Adults 25 and over with a high school diploma or higher94.4 percent
- Adults 25 and over with a bachelor degree or higher32.4 percent
- Adults 25 and over with a graduate degree8.5 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmyra
Housing in Palmyra
- Housing units3,388
- Occupied units3,287
- Vacant units101 plus or minus 86
- Vacancy rate3.0 percent plus or minus 2.5
- Owner occupied2,348
- Renter occupied939
- Ownership rate71.4 percent
- Median owner-occupied home value$234,800
- Median gross rent, monthly$1,696
- Annual rent as a share of median income22.7 percent
- Single family units2,629
- Share single family77.6 percent
- Units in buildings of two or more759 plus or minus 205
- Share in buildings of two or more22.4 percent plus or minus 5.9
- Mobile homes0
- Median year structure built1957
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmyra
How Palmyra gets to work
- Workers 16 and over who commute3,472
- Commuting under 15 minutes759 plus or minus 194
- Share commuting under 15 minutes21.9 percent plus or minus 5.2
- Commuting 30 minutes or more1,375
- Share commuting 30 minutes or more39.6 percent
- Drove alone68.4 percent
- Carpooled6.9 percent plus or minus 2.2
- Public transport3.6 percent plus or minus 2.0
- Walked3.0 percent plus or minus 2.1
- Worked from home16.6 percent plus or minus 5.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palmyra
SBA loans in Palmyra (7(a))
- Approvals16
- Gross approval$6,246,000
- Average approval$390,375
- Median approval$237,000
- Largest approval$2,315,000
- Jobs supported227
- Jobs per approval14.2
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more31.3 percent
- Share to franchises6.3 percent
- Distinct lenders11
- Distinct industries by NAICS14
Counted by borrower city: approvals to borrowers whose address is in Palmyra, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palmyra
Flood risk in Palmyra
- NFIP communityBorough of Palmyra
- NFIP community number340110
- Participating in the NFIPYes
- Community Rating System classClass 7
- Currently effective map date12/21/17
The Borough of Palmyra participates in the National Flood Insurance Program as community 340110 and carries Community Rating System class 7, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Burlington County, not Palmyra
Burlington County context, not Palmyra figures
- Establishments in Burlington County10,703
- Covered employment, Burlington County211,549
- Average annual pay, Burlington County$70,647
- Housing units permitted, Burlington County2,154
Every figure in this section is published for Burlington County as a whole and is not a measurement of Palmyra.
All Burlington County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Palmyra questions, answered from the record.
How many people live in Palmyra, New Jersey?
7,485, in 3,287 households. Palmyra borough covers 1.85 square miles of land, which is 4,047 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Palmyra in?
Burlington County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Palmyra?
$89,574. The median owner-occupied home is valued at $234,800. Median gross rent is $1,696 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Palmyra businesses?
16 7(a) approvals totaling $6.2 m since FY2020, across 11 lenders, median approval $237,000. These count approvals to borrowers whose address is in Palmyra, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Palmyra borrowers get paid back?
No rate is published for Palmyra. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Palmyra in the National Flood Insurance Program?
Yes. Palmyra appears in the FEMA Community Status Book as Palmyra, borough of, community 340110, carrying Community Rating System class 7, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Palmyra figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Burlington County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Palmyra.
Is zoning published for Palmyra?
No. Nothing on this page presents parcel level zoning.