316 N 3rd St, Palatka
Putnam County Real Estate - Palatka
Palatka is the seat of Putnam County and principal city of the Palatka Micropolitan Area, Palatka is home to over 10,000. The city lies about sixty miles south of Jacksonville on the St. Johns River. A plurality of residents are African-American, and fewer than five percent identify as Hispanic.
Palatka has historically been an important port city, inland on the St Johns. Additionally, the city has a strong manufacturing base, including Georgia Pacific and Veritas Steel. Healthcare and tourism are also strong drivers of the city's economy. Palatka has positioned itself as a center for eco-tourism, with proximity to many state parks, Ocala National Forest, and the Florida Trail.
The main campus of St. Johns River State College is located in the city.
Palatka is in North Eastern Florida. It's population as recorded in the 2010 Census was 10,558. Palatka is approximately 26 miles from Palm Coast (population 75,180) and around 31 miles from Fleming Island (population 27,126).
The median age for residents of Palatka is 33.9. Around 35.2% of Palatka households include school aged children and 29.7% of households include individuals aged 65 years or over. Census records indicate 46.2% of the Palatka population are White, 49.7% are Black or African American, .3% American Indian, .5% Asian and 1.6% are Two or more Races.
There are 4,533 housing units in Palatka. 561 (12.3%) of these were reported as vacant in the 2010 Census. There are 2,334 residential rental units in Palatka. 2,063 of them were occupied in 2010 providing a residential rental vacancy rate of 11.5%.
Palatka links:
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Putnam County
Putnam County is part of the northeastern region of Florida, along with Baker, Clay, Duval, Nassau, St John's, and Flagler counties. Putnam County is an industrial rural community. The top industries by employment for Putnam County are government; trade, transportation & utilities; education & health services; and manufacturing. Putnam County's major private sector employers are Georgia Pacific, Putnam Community Center, Wal-Mart, Precision Response Corporation, and Seminole Electric Corporation. Top public sector employers are Putnam County School District, St. Johns River Water Management District, and Putnam County. Cities and towns in Putnam County include Crescent City, Interlachen, Palatka (county seat), Pomona Park, and Welaka.
Palatka is the principal center of the Palatka Micropolitan Statistical Area, which encompasses Putnam County. The city of over 10,000 lies on the St. Johns River. In addition to being a port, Palatka is home to manufacturing centers operated by Georgia Pacific and Veritas Steel.
The county has a number of natural areas for recreation, including the northeastern section of Ocala National Forest, Etoniah Creek State Forest, Rice Creek Conservation Area, Horseshoe Point Conservation Area, the Marjorie Harris Carr Cross Florida Greenway, and Dunns Creek. The county includes over 175 miles of state-certified canoe paths. Palatka can also lay claim to a Ravine Gardens State Park, created in the 1930s. Palatka and the town of Interlachen both have arts & culture activities, including museums and galleries, wildlife observatories, and historic sites.
Forestry is the most important part of the agricultural industry in Putnam County. Timber consumes more land than any other agricultural product. Farms in the county produce crops including potatoes, cabbage, and poultry. Like other places in Florida, cattle ranching and citrus harvesting are also important agricultural activities.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 310 N 3rd St | Single Family | 3,697 | B |
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| 320 N 3rd St | Single Family | 2,140 | B |
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| 311 Madison St | Single Family | 1,500 | B |
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| 313 Madison St | Single Family | 2,510 | B |
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| 304 N 3rd St | Miscellaneous Residential (migrant camp or boarding home.) | 0 | L | |
| 308 Main St | Single Family | 1,214 | B |
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| 310 Main St | Single Family | 1,951 | B |
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| 300 N 3rd St | Multi-family - less than 10 units | 4,120 | B |
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| 315 N 4th St | Single Family | 1,054 | B |
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| 223 Madison St | Single Family | 3,013 | B |
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| 317 Madison St | Single Family | 1,624 | B |
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| 311 N 4th St | Single Family | 1,920 | B |
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| 309 N 3rd St, Unit 1 | Vacant Residential | 0 | L | |
| 400 N 3rd St | Single Family | 4,684 | B |
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| 303 N 4th St | Single Family | 2,215 | B |
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| 200 Main St | Church | 16,635 | B |
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| 213 Madison St | Single Family | 4,123 | B |
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| 314 Madison St | Single Family | 4,411 | B |
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| 307 Main St | Professional service building | 2,205 | B |
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| 309 Main St | Office building, non-professional service building, one story | 1,816 | B |
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| 410 N 3rd St | Single Family | 1,325 | B |
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| 220 Madison St | Hotel or motel | 6,951 | B |
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| 322 Madison St | Single Family | 3,836 | B |
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| 218 Madison St | Single Family | 2,901 | A |
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| 400 N 4th St | Single Family | 3,716 | B |
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| 222 N 3rd St | Professional service building | 4,399 | B |
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| 420 N 3rd St | Single Family | 6,425 | A |
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| 313 Olive St | Multi-family - less than 10 units | 3,027 | B |
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| 415 N 4th St | Single Family | 3,342 | B |
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| 319 Main St | Office building, non-professional service building, multi-story | 19,553 | B |
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| 406 N 4th St | Single Family | 1,602 | B |
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| 417 N 3rd St | Single Family | 3,988 | B |
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| 400 Main St | Forest, park or recreational area | 0 | L | |
| 200 Madison St | Single Family | 2,422 | B |
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| 408 Madison St | Single Family | 1,952 | B |
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| 419 N 4th St | Single Family | 2,294 | B |
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| 412 N 4th St | Single Family | 1,712 | B |
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Local Household Income
The median household income in this part of Florida is $49,931. The bottom 10% of the population earn less than $15,373 per year. The top 10% earn more than $116,429 per year. The top 1% earn more than $364,896 per year. Most renters earn between $19,848 (20th percentile) and $42,288 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $99,862 and $124,828.
The tax assessed value of this property places it in percentile 54 of all properties in this area. This suggests it would appeal to someone earning around $53,719 per year who should qualify for a mortgage between $107,438 and $134,298.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $792. Most renters earn between $1,654 and $3,524 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $471 (20th percentile) to $1,140 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 54 of all properties in this area. This corresponds to a rent of $836 per month and a monthly household income of $2,689 ($32,268 per year)
Nearby Companies
307 Main St
309 Main St
310 North 3rd St
314 Madison St
400 North 3rd St