Paloumpa (Greek: Παλούμπα, also Palouba) is a town in Arcadia, southern Greece. It is situated on a mountain slope overlooking the valley of the river Alfeios. It was the seat of the former municipality of Iraia. The town is in a remote area, but contains a post office and a KEP - Centre for Serving Citizens. The inhabitants are mainly concerned with animal husbandry. Paloumpa is 4 km southeast of Lyssarea and 9 km northwest of Dimitsana.