Palatka, FL—32177
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palatka, FL
As of Oct '25, the median home price in Palatka, FL is $203,000, with a year-over-year change of -3.2%. This indicates that home prices in Palatka, FL are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | -3.2% |
| Single Family | $203,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | -1.5% |
3 Bed | $223,000 | 0.0% |
4 Bed | $299,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Palatka, FL
As of July '25, Rentcast reports the average rent in Palatka, FL is $1,440, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Palatka, FL is studios: $950, 1-bedrooms: $955, 2-bedrooms: $1,560, 3-bedrooms: $1,570, 4-bedrooms: $2,130. The most common rental property sizes in Palatka, FL are 2-bedroom and 3-bedroom, accounting for 33.9% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,440 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $864 | $955 |
| 2 Bed Rent | $1,250 | $1,560 |
| 3 Bed Rent | $1,600 | $1,570 |
| 4 Bed Rent | $2,200 | $2,130 |
% of Rental Stock
Property Listings — Palatka, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Palatka, FL is 75. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -4.0% |
Listing Count | 172 | 15.0% |
| Listings as % of Homes | 0.8% | 15.0% |
Days on Market | 75 | 17.0% |
Demographics — Palatka, FL
As of the latest ACS Survey released in 2023, Palatka, FL has a population of 26,000, which has decreased by -1.3% over the past 5 years. Palatka, FL is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,000 | -1.3% |
% Under 18 | 23.8% | 2.6% |
% Seniors | 21.1% | 12.8% |
% WFH | 8.3% | 107.5% |
% w/ College Degree | 12.8% | 3.2% |
As of the latest ACS Survey released in 2023, Palatka, FL is a predominantly white area, with 62.2% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Palatka, FL is black, making up 28.7% of the population. Foreign-born residents account for 2.6% of the population in Palatka, FL, and this percentage has decreased by 3.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.2% | -6.5% |
% Black | 28.7% | 13.0% |
% Hispanic | 6.9% | 4.5% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 2.6% | -3.7% |
Mortgage and Risk — Palatka, FL
According to HUD data as of 2023, there were 321 mortgage originations in Palatka, FL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Palatka, FL. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 321 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Palatka, FL
Palatka, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,023 |
Total Units Section 8 | 602 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$74 | $864 | $790 |
| 2 Bedroom | -$220 | $1,250 | $1,030 |
| 3 Bedroom | -$290 | $1,600 | $1,310 |
| 4 Bedroom | -$830 | $2,200 | $1,370 |
Affordability — Palatka, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $203,000 |
| Median Household Income | $47,500 |