Market Overview
Home Prices in Welaka, FL
The median home value in Welaka, FL is $265,459 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.7% compared to a year ago and up 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Welaka are priced35% below average. Welaka is part of the Palatka, FL metro area.
Over the past five years, Welaka home values have risen by approximately47.0%, reflecting strong long-term appreciation in this market.
Price History
Welaka Home Price Trend
City Comparison
Welaka vs. National Median
At $265,459, homes in Welaka cost 35% below the national median of $410,000. This makes Welaka a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Welaka?
20% Down Payment
$53,092
on $265,459
Monthly P&I
$1,384/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,758/mo
incl. taxes & insurance
Income Needed
$70,320
gross annual (30% rule)
10% Down Option
$26,546
+ PMI applies
Loan Amount (20% dn)
$212,367
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 Welaka, FL?
The median home value in Welaka is $265,459 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.7% year-over-year.
How much have home prices changed in Welaka?
Over the past year, home values in Welaka have decreased by 2.7%. Over five years, prices have risen approximately 47.0%.
How much do I need to earn to buy a home in Welaka?
To comfortably afford the median home price of $265,459 with a 20% down payment ($53,092) at today's rates (6.8%), you'd need a gross annual income of approximately $70,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Welaka compare to the national average home price?
The national median home value is approximately $410,000. At $265,459, homes in Welaka are 35% below the national average.
What metro area is Welaka part of?
Welaka is part of the Palatka, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.