Market Overview
Home Prices in Palatka, FL
The median home value in Palatka, FL is $210,443 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palatka are priced49% below average. Palatka is part of the Palatka, FL metro area.
Over the past five years, Palatka home values have risen by approximately20.1%, reflecting strong long-term appreciation in this market.
Price History
Palatka Home Price Trend
City Comparison
Palatka vs. National Median
At $210,443, homes in Palatka cost 49% below the national median of $410,000. This makes Palatka a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palatka?
20% Down Payment
$42,089
on $210,443
Monthly P&I
$1,098/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,394/mo
incl. taxes & insurance
Income Needed
$55,760
gross annual (30% rule)
10% Down Option
$21,044
+ PMI applies
Loan Amount (20% dn)
$168,354
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Palatka, FL?
The median home value in Palatka is $210,443 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Palatka?
Over the past year, home values in Palatka have increased by 1.6%. Over five years, prices have risen approximately 20.1%.
How much do I need to earn to buy a home in Palatka?
To comfortably afford the median home price of $210,443 with a 20% down payment ($42,089) at today's rates (6.8%), you'd need a gross annual income of approximately $55,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Palatka compare to the national average home price?
The national median home value is approximately $410,000. At $210,443, homes in Palatka are 49% below the national average.
What metro area is Palatka part of?
Palatka is part of the Palatka, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.