Palatka, FL home prices
Typical home $216,322 · +0.7% in a year · income needed $60,500
The Palatka, FL metro area ranks 582 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.7% in a year and +13.4% over five years. With 20% down at 7.11%, the typical home costs about $1,413 a month including 0.78% property tax (Putnam County rate).
Mortgage on the typical Palatka home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $43,264 | $173,057 | $1,164 | $0 | $249 | $1,413 | $60,500 |
| 10% down | $21,632 | $194,690 | $1,310 | $81 | $249 | $1,639 | $70,300 |
| 5% down | $10,816 | $205,506 | $1,382 | $86 | $249 | $1,717 | $73,600 |
| 3.5% down (FHA) | $7,571 | $212,404 | $1,429 | $96 | $249 | $1,773 | $76,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.78% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Palatka area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Putnam County, FL | $216,313 | +0.7% | 0.78% |
What can you afford in Florida on your salary? · Florida home prices · Salaries in Florida
Frequently asked questions
How much is a house in Palatka?
The typical home in the Palatka, FL metro area is worth $216,322 (Zillow, September 2026).
What salary do you need to buy a house in Palatka?
About $60,500 a year for the typical home with 20% down at 7.11%.