Home Values

Palatka Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$63,400

  • -6.5% 1-year change
  • None 1-year forecast

The median home value in Palatka is $63,400. Palatka home values have declined -6.5% over the past year. The median rent price in Palatka is $650.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Palatka is 11.7%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Palatka homeowners underwater on their mortgage is 28.9%.

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Relative ZHVI
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Palatka Market Overview

Data through Jun 30, 2015
  • $63,400 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $79,500 Median sale price (May 31, 2015)
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Palatka Market Health

Data through Jun 30, 2015
  • 0.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 28.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 11.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Elkton $187,900
Welaka $145,600
East Palatka $117,100
Name Median ZHVI
Florahome $109,700
Green Cove Springs $106,700
Satsuma $101,400
Name Median ZHVI
San Mateo $98,400
Pomona Park $88,100
Interlachen $83,800

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $50 Median sale price / sq ft
  • No data Listings with price cut
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Palatka Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $981 Palatka
    $1,060 Palatka Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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