Commercial Real Estate Market in Palmyra, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Palmyra, WI spans 30.8 square miles in Jefferson County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palmyra, WI 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, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Palmyra, WI 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, WI 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 39.2%
- Agricultural 27.6%
- Civic 22.2%
- Industrial 7.6%
- Commercial 3.4%
Largest Zones share of zoned land by district
Exclusive Agriculture
Public And Institutional
Rural Holding
Traditional Single Family Residential
Business Park
Public And Institutional (PI)
The purpose of PI zone is to provide public, semipublic, and institutional uses in a manner harmonious with surrounding uses
Market overview
Demographics & Economy
Palmyra, WI has 2,972 residents in 1,492 households. Density runs 96 people per square mile. Median household income here is $83,413 and median gross rent $768 a month.
2,972
Population
1,492
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
93%
High-School Grad
30.8 sq mi
ZIP Area
96
Density / Sq Mi
$83,413
Median Household Income
$46,223
Median Earnings
$768
Median Rent
$235,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eagle | — | — |
| Whitewater | — | — |
| Sullivan | — | — |
| Helenville | — | — |
Frequently Asked Questions
Where does Realmo's Palmyra market data come from?
Realmo compiles Palmyra, WI figures from 7 recent recorded sales, 108 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
- 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: 1,422 zoned acres across 13 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
