Quick facts: Palatka, FL

Quick Facts

95.2
Cost of Living
below US average
10,574
Population
40.38
Crime Rate per 1000
above US average
$30,945
Median Income
below US average
$199,900
Median House Price
above US average
$1476.7
Average Rent
above US average
22%
Poverty Rate
above US average
5.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $30,945.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $199,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $30,945
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Income Needed to Rent

⚠ Stretch
$63k/year
Based on $1476.7/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $63k vs median $30,945
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Palatka, FL

Palatka is a charming city located in Putnam County, Florida, nestled along the banks of the St. Johns River. Known for its rich history and southern hospitality, Palatka was established in the mid-19th century and has become a hub for outdoor enthusiasts and history buffs alike. The city is often referred to as the "Canoe Capital of Florida," attracting visitors for its extensive recreational opportunities, including fishing, boating, and kayaking on the scenic waterways. Palatka boasts a number of historical landmarks, such as the Makinson Island and the historic Putnam County Courthouse, which showcases stunning architecture from the early 1900s. The annual Florida Azalea Festival celebrates the beauty of the region's flora and community spirit, drawing crowds for parades, art displays, and entertainment. The surrounding area features several parks and nature trails, perfect for hiking, picnicking, and wildlife watching. With its small-town charm, vibrant arts scene, and welcoming atmosphere, Palatka offers a unique blend of culture and outdoor adventure that captivates both residents and visitors.

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