Commercial Real Estate Market in Palmyra, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 230 off-market properties in Palmyra, MO.
Market Trends
Palmyra, MO spans 155.2 square miles in Marion County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palmyra, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Palmyra, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Palmyra, MO runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Palmyra, MO runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 43.2%
- Commercial 17%
- Industrial 12.8%
- Open space 0.8%
Largest Zones share of zoned land by district
Residential
Special
Commercial
Industrial
Multifamily
Palmyra, MO zones 1,921 acres across 7 districts. Commercial zoning covers 17% of zoned land, residential 43.2%, open space 0.8% and industrial 12.8%. The largest single district is Residential at 42.4%. For commercial buyers the practical constraint is that only 29.7% of land carries a commercial or industrial designation.
Industrial (I-1)
Article VIII: "I-1" Industrial District - City of Palmyra, MO Customize your cookie preferences We respect your right to privacy. You can choose not to allow some types of cookies. Your cookie preferences will apply across our website. Necessary These cookies are necessary for the website to function properly and cannot be switched off. They help with things…
Market overview
Demographics & Economy
Palmyra, MO has 5,942 residents in 2,458 households. Density runs 38 people per square mile. Median household income here is $68,633 and median gross rent $808 a month.
5,942
Population
2,458
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
155.2 sq mi
ZIP Area
38
Density / Sq Mi
$68,633
Median Household Income
$39,464
Median Earnings
$808
Median Rent
$176,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodland | — | — |
| West Ely | — | — |
| Withers Mill | — | — |
| South River | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Palmyra?
Palmyra, MO zones 1,921 acres across 7 districts, of which 17% is commercial and 12.8% industrial. The largest single district is Residential at 42.4% of zoned land. Residential zoning covers 43.2% and open space 0.8%.
Where does Realmo's Palmyra market data come from?
Realmo compiles Palmyra, MO figures from 3 active sale listings, 230 tracked off-market properties, the current Palmyra zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Palmyra, MO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,921 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
