Palmyra, PA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Palmyra short-term rental market based on reliable data.

Listings

48 / 91

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$45,565

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$351,908

Median Home Sale Price

Top Earners

$95,371

Top-Earners Revenue

Palmyra

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Palmyra.

Loading top listings...

B

Generally Investor friendly

Palmyra Regulations

Palmyra explicitly permits STRs across most residential uses with clear, well-defined rules and a known permitting process, but requires multiple licenses (county hotel tax, state sales tax, $500K liability), annual non‑transferable permits, a 24/7 local contact able to respond in one hour, safety devices, sewage‑tied occupancy caps (2+3 up to 15), and inspections that can suspend operations (especially for pools), creating moderate compliance effort and ongoing operational constraints.

View Palmyra Regulations →

Local STR Agent

STR specialist · Palmyra, PA

Trusted Expert
Get Expert Help In Palmyra
Free consultation Response within 24h

About Palmyra

Palmyra is a small borough in Lebanon County in south-central Pennsylvania, with a population of roughly 7,000 residents. It has the feel of a classic Pennsylvania small town, with tree-lined streets, a compact historic core, and a quiet pace that contrasts with the busy tourism corridor just to its west. Best known as a convenient base for visitors to the Hershey attractions and the wider Pennsylvania Dutch Country, Palmyra sits along U.S. Route 422 and the old Lebanon Valley corridor. It lies about twenty miles east of Harrisburg, the state capital, and roughly seventy-five miles west of Philadelphia, putting it within easy reach of both major metropolitan areas while remaining firmly anchored in the rolling farmland of the Lebanon Valley.

Just minutes to the west of Palmyra lies Hershey, the self-described "Sweetest Place on Earth" and home to the region's marquee draws. Hersheypark, a sprawling amusement park with roller coasters, a water park, and seasonal events, is only about ten minutes from Palmyra by car, and the adjoining Hershey's Chocolate World attraction offers year-round chocolate-themed experiences. Together, these destinations draw millions of visitors annually, and Palmyra's proximity means guests can enjoy the excitement while retreating to a quieter, more affordable setting at the end of the day.

A short drive south brings visitors into the heart of Lancaster County and the broader Pennsylvania Dutch Country, one of the country's most distinctive cultural regions. Here, rolling farmland is dotted with Amish and Mennonite homesteads, covered bridges, and farmers' markets, and towns like Bird-in-Hand, Intercourse, and Strasburg preserve a way of life that draws visitors from around the world. The Strasburg Rail Road, America's oldest operating railroad, is roughly thirty minutes from Palmyra and offers scenic train rides through the surrounding countryside, while the neighboring Railroad Museum of Pennsylvania showcases the state's rail heritage.

Closer to home, the Mount Gretna area offers a quieter counterpoint to the larger tourist draws. About fifteen minutes north of Palmyra, this small historic resort community in Lebanon County features a charming Victorian-era lake, a seasonal playhouse, walking trails, and a tucked-away arts scene. The nearby Gifford Pinchot State Park, situated between York and Harrisburg, adds another outdoor option with its lake, hiking trails, and campgrounds, all within a half-hour drive of town.

Palmyra's appeal as a short-term rental destination lies in this blend of small-town character and strategic location. Guests enjoy a more relaxed, residential atmosphere than they would find in the busier Hershey resort area, while remaining within minutes of one of Pennsylvania's most-visited tourism clusters and a short drive from both Lancaster County and the state capital. For owners, that combination of accessibility, year-round demand, and a calmer setting continues to make Palmyra a quietly compelling corner of the central Pennsylvania market.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc