The story of this market
The typical home in ZIP 17072 sells for about $321,250, or $188 per square foot.
Prices are down 6.88% from a year ago, which gives buyers more room to negotiate. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 17072 — New Kingstown
The Palmyra housing market is currently experiencing a period of price correction following significant growth, with a balanced supply of active listings. While year-over-year prices have dipped, demand remains solid for well-priced properties, supported by the area's strong school district and proximity to major regional employers. The market is currently favoring a more stable, sustainable pace of activity.
This ZIP is well-suited for families and commuters seeking a suburban lifestyle with access to quality schools and a manageable commute to Harrisburg.
Median prices moved down 6.9% year over year.
Homes spend a median of 20 days on market with 1.9 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 100.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 17072, Lebanon County PA
Crime rates in the area remain relatively low compared to the broader Harrisburg-Carlisle metropolitan region, with property crime being the primary concern.
The area is served by the Palmyra Area School District, which is generally regarded for its strong academic performance and community-focused programming.
The region faces moderate risks related to seasonal flooding in low-lying areas near local creeks, while wildfire risk remains low.
Economic momentum is driven by proximity to the Harrisburg employment hub and local logistics and manufacturing sectors, with steady residential development.
Property taxes are levied by the local municipality, county, and the Palmyra Area School District, with rates determined by annual assessments and millage adjustments.
Residents typically commute via US-422 toward Harrisburg, with average drive times ranging from 20 to 30 minutes depending on traffic.
The area features several community parks, local walking trails, and proximity to regional golf courses and shopping centers along the US-422 corridor.
The rental market is characterized by moderate demand and limited inventory, with rents showing slight downward pressure in recent months.
The local economy is anchored by logistics, healthcare, and education, benefiting from its strategic location within the Harrisburg-Carlisle metro area.
Transportation is primarily highway-dependent, with US-422 serving as the main corridor connecting to Harrisburg and surrounding areas.
Development is focused on infill residential projects and small-scale commercial expansion along existing transit routes.
The Lebanon County assessment office manages property valuations, with periodic reassessments to ensure tax equity.
Parcels are subject to school district taxes, municipal taxes, and county levies, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low exposure to major natural disasters.
The state continues to see modest net domestic migration, with growth concentrated in suburban areas near major metros.
Pennsylvania is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Includes multiple community parks with playgrounds and sports fields.
Primary commercial artery featuring local dining and retail services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.