Palatka housing market
Typical home value
$216K
▲ 0.7% 1 yr
Typical rent
$1,370/mo
▼ 1.9% 1 yr
12-month forecast
+1.0%
#397 of 546 metros
Gross rent yield
7.6%
#73 of 546 · U.S. 6.3%
Listings with a price cut
26%
▲ +0.6 pts 1 yr
Key takeaways
- 1The typical home is worth $216,322, up 0.7% in a year and up 13% over five years.
- 2Zillow forecasts home values rising 1.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,370/mo (−1.9% YoY), a 7.6% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,189/mo in principal and interest, $181 less than renting.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 25/100, #500 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Palatka compares
| Measure | Palatka | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.7% | +1.2% | #390 |
| Home value, 5-yr change | +13.4% | +19.7% | |
| 12-month forecast | +1.0% | +1.1% | #397 |
| Rent, 1-yr change | −1.9% | +2.7% | #543 |
| Gross rent yield | 7.6% | 6.3% | #73 |
| Price-to-rent ratio | 13.2 | 15.8 | |
| Mortgage P&I on typical home | $1,189 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Palatka rental ($216K, $1,370/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Palatka home.
Rent vs buy
Is it cheaper to rent or buy in Palatka?
Renting out a property in Florida? See deposit limits, late fee rules and notice periods.
Other Florida metros
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$477K home$2,654 rent6.7% yield
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Jacksonville, FL
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North Port, FL
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Cape Coral, FL
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Lakeland, FL
$296K home$1,814 rent7.4% yield
▼ 2.2% 1 yr
Deltona, FL
$331K home$1,767 rent6.4% yield
▼ 0.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.