HomeNew JerseyBurlington CountyPalmyra borough
Palmyra borough, New Jersey: commercial real estate data.
Palmyra borough 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.
66 sourced place values · tier FULL · 7 sections · 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$250,000
- Ninetieth percentile approval$680,000
- 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
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Burlington County, not Palmyra
Burlington County context, not Palmyra figures
These are Burlington County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Palmyra measurements.
- Establishments in Burlington County10,703
- Employment at those establishments, Burlington County199,706
- Covered employment, Burlington County211,549
- Average annual pay, Burlington County$70,647
- Average weekly wage, Burlington County$1,359
- Housing units permitted, Burlington County2,154
- Of those, single family, Burlington County1,063
- County product, 2024, Burlington County$40,867,224,000
- County product change over the prior year, Burlington County4.9 percent
- Average income of an arriving household, Burlington County$83,320
Every figure in this section is published for Burlington County as a whole and is not a measurement of Palmyra. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $6.2 m, across 11 lenders, median approval $250,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Palmyra figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.