Investment metrics, interactive calculators, and data-driven analysis for Palatka rental properties.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
Pre-filled with Palatka medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Palatka.
Palatka, FL has a population of 50,000 and has been growing at 1.9% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $210,000 paired with median rents of $1,370/mo produces an estimated cap rate of 5.76%.
Property taxes at 0.86% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 4.1x, homes cost about 4.1 times the local median income of $50,639. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 3.7% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: Palatka presents moderate opportunities. Cap rates near 5.76% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.