The housing market in Palatka, FL is quite impressive when compared to the national median value. The median value of houses in Palatka is currently $173,400, which is significantly lower than the US house median value of $338,100. However, despite this disparity between the two values, the one year appreciation rate for houses in Palatka is 18.41%, which is much higher than the national average of 8.27%. This suggests that housing prices are increasing at a faster rate in Palatka than they are nationally and shows potential for growth in the future.
The median home cost in Palatka is $173,400. Home appreciation the last 10 years has been 146.5%. Home Appreciation in Palatka is up 25.7%.
Average Age of Homes
- The median age of Palatka real estate is 46 years old
The Rental Market in Palatka
- Renters make up 48.9% of the Palatka population
- 2.3% of houses and apartments in Palatka, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.