The size of Palmyra is approximately 34.7 square kilometres. It has 2 parks covering nearly 1% of total area. The population of Palmyra in 2011 was 300 people. By 2016 the population was 267 showing a population decline of 11.0% in the area during that time. The predominant age group in Palmyra is 50-59 years. Households in Palmyra are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Palmyra work in a trades occupation. In 2011, 77.8% of the homes in Palmyra were owner-occupied compared with 77.5% in 2016.
Palmyra has 111 properties. Over the last 5 years, Houses in Palmyra have seen a 57.28% increase in median value. As at 31 October 2024:
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