Home Insurance in Palmyra, Pennsylvania
With a median home value of $227,500, Palmyra is 6% lower than the Lebanon County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Palmyra was built around 1957. About 58% of homes were built before 1960, about 19 points above Lebanon County's 39%.
In Palmyra, the housing stock is 68% single-family homes, 11% apartments in buildings with 5+ units and 5% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 66% of owner-occupied homes in Palmyra have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Palmyra has an owner-occupancy rate of 58% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
41% of homes in Palmyra are primarily heated with natural gas. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Lebanon County's overall risk as Relatively Low, led by winter weather (Relatively High). Lebanon County had 273 active NFIP flood policies as of September 2026. See the full Lebanon County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Pennsylvania, the statewide average premium for a standard HO-3 homeowners policy is $1,217 per year (NAIC, 2023 data).
Key figures
| Median home value | $227,500 |
|---|---|
| Median year built | 1957 |
| Owner-occupied share | 58% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Lebanon County | 273 |
| Home insurance premium | $1,217 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)