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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 $172,368, lower than the Florida average of $396,783.
The average cost of rent is $985/mo in Palatka, primarily driven by the current value of real estate in the Palatka area. In Palatka, 32.97% of households rent, and 57.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palatka is $4,265 per month. Households that rent pay about 23.10% of their income on rent here. Palatka’s most expensive areas are in the southwestern 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
- Lundy, FL: higher priced homes
- East Palatka, FL: higher priced homes
- Orange Mills, FL: higher priced homes
- San Mateo, FL: equally priced homes
- Satsuma, FL: less expensive homes
- Yelvington, FL: higher priced homes
- Hollister, FL: less expensive homes
- Bardin, FL: higher priced homes
- Saratoga, FL: less expensive homes
- Bostwick, FL: higher priced homes
Cities with Similar Populations
- Abingdon, VA: higher priced homes
- Canton, MA: higher priced homes
- Washington, IL: higher priced homes
- Bainbridge Island, WA: higher priced homes
- Avon Park, FL: equally priced homes
- Augusta, ME: higher priced homes
- Auburn, ME: higher priced homes
- Auburn Hills, MI: higher priced homes
- Arden, NC: higher priced homes
- Antioch, IL: higher priced homes
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