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These days, finding an affordable place to live in the Palatka area can be challenging. Home prices in Palatka are now at a median cost of $107,000, lower than the Arkansas average of $207,061.
The average cost of rent is $621/mo in Palatka, primarily driven by the current value of real estate in the Palatka area. In Palatka, 21.77% of households rent, and 84.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palatka is $4,333 per month. Households that rent pay about 14.33% of their income on rent here. Palatka’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Success, AR: equally priced homes
- Corning, AR: less expensive homes
- Datto, AR: equally priced homes
- Moark, AR: equally priced homes
- Purman, MO: higher priced homes
- Naylor, MO: equally priced homes
- Current View, MO: equally priced homes
- Supply, AR: higher priced homes
- Reyno, AR: higher priced homes
- Knobel, AR: less expensive homes
Cities with Similar Populations
- Rutheron, NM: higher priced homes
- Missionary Acres, MO: equally priced homes
- Mist, AR: equally priced homes
- Mitchell, IA: higher priced homes
- Mizell, GA: less expensive homes
- Moccasin, CA: higher priced homes
- Moffett, OK: higher priced homes
- Monett, KS: less expensive homes
- Rosewood, TX: higher priced homes
- Rosston, TX: higher priced homes
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