Palatka, Florida

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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Palatka is located in Putnam County. It has a population of approximately 10,558 people. The population increased -0.8% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, -1.5% for Putnam County and a 1.7% increase for the country as a whole. Palatka occupies 8.55 of the 727.62 square miles in Putnam County. It had a population density of 1235.3 persons per square mile in 2010. This compared to 102.2 for the county, 350.6 for Florida and 87.4 for the country.

12.1% ( 4,533) of the 37,406 housing units in Putnam County are in Palatka (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Palatka has a 44.2% homeownership rate compared to Putnam County's 77.2% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Putnam County 74,364 $1,703 -1.5% $34,174 37,406 $105,300
Palatka 10,558 $546-0.8%$20,116 4,533$110,300

Palatka's medium household income in 2011 was $20,116. Putnam County's medium household income was $34,174, which is lower than the medium income for Florida as a whole: $47,827. 37.6% of the population in Palatka lives below the poverty line, compared to 14.7% in Florida, 24.6% of the population in Putnam County and 14.3% nationwide. Additional Information:

Palatka Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Palatka. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $546 million, Palatka's economic activity represents 32.03% of Putnam County's $1,703MM in economic activity. Putnam County represents 0.27% of the Florida economy.

Palatka Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $67 12.3%
Retail sales $447 81.9%
Accommodation and food services sales $32 5.8%
Total $546100%

Putnam County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Palatka 10,558 $546-0.8%$20,116 4,533$110,300

Putnam County is located in Northeastern Florida. This region is responsible for 8.7% of Florida's economic activity. Putnam County represents 3.1% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Baker County 27,115 $200 -0.1% $47,041 9,782 $142,600
Clay County 190,865 $2,614 1.8% $59,994 76,175 $178,900
Duval County 864,263 $43,464 1.8% $49,964 389,434 $170,300
Nassau County 73,314 $1,614 1.8% $58,933 35,286 $202,300
Putnam County 74,364 $1,703 -1.5% $34,174 37,406 $105,300
St. Johns County 190,039 $3,952 6.4% $64,153 91,348 $279,700
Flagler County 95,696 $1,035 2.8% $48,708 49,068 $201,300
Total 1,549,472 $54,582 1.9% $51,852 688,499 $182,914

Palatka Real Estate

There are 11,973 properties in Palatka. The following table shows a summary of them based on 2014 sales data.

Palatka Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 287 2.40 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 160 1.34 0n/an/an/an/a
Health Care 8 0.07 2 $17,550,000 $418September 1st, 2014September 1st, 2014
Hotel & Motel 776 6.48 10 $25,500 $21March 1st, 2014September 1st, 2014
Industrial 100 0.84 5 $250,000 $49January 1st, 2014July 1st, 2014
Miscellaneous Property 31 0.26 0n/an/an/an/a
Mobile/Manufactured 2,582 21.57 80 $35,850 $17January 1st, 2014October 1st, 2014
Multifamily 136 1.14 9 $40,000 $22February 1st, 2014August 1st, 2014
Office 187 1.56 1 $75,000 $35September 1st, 2014September 1st, 2014
Residential 7,100 59.30 249 $55,000 $29January 1st, 2014October 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 429 3.58 15 $415,000 $47January 1st, 2014August 1st, 2014
Senior Housing 2 0.02 0n/an/an/an/a
Special Purpose 161 1.34 1 $27,500 $21July 1st, 2014July 1st, 2014
Sports & Entertaining 14 0.12 0n/an/an/an/a

Agricultural Real Estate in Palatka, Florida

287( 2.40%) of the properties in Palatka are classified as Agricultural.

Commercial Real Estate in Palatka, Florida

0( .00%) of the properties in Palatka are classified as Commercial.

Government Real Estate in Palatka, Florida

160( 1.34%) of the properties in Palatka are classified as Government.

Health Care Real Estate in Palatka, Florida

8( .07%) of the properties in Palatka are classified as Health Care. 2 of them sold between September 1st, 2014 and September 1st, 2014. The total value of these sales was $35,100,000. The median sales price was $17,550,000. In 2014 the median sales price for Health Care in Palatka was $418 per sq ft.

Hotel & Motel Real Estate in Palatka, Florida

776( 6.48%) of the properties in Palatka are classified as Hotel & Motel. 10 of them sold between March 1st, 2014 and September 1st, 2014. The total value of these sales was $1,644,400. The median sales price was $25,500. In 2014 the median sales price for Hotel & Motel in Palatka was $21 per sq ft.

Industrial Real Estate in Palatka, Florida

100( .84%) of the properties in Palatka are classified as Industrial. 5 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $1,285,900. The median sales price was $250,000. In 2014 the median sales price for Industrial in Palatka was $49 per sq ft.

Miscellaneous Real Estate in Palatka, Florida

31( .26%) of the properties in Palatka are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Palatka, Florida

2,582( 21.57%) of the properties in Palatka are classified as Mobile/Manufactured. 80 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $4,098,800. The median sales price was $35,850. In 2014 the median sales price for A Class Mobile/Manufactured in Palatka was $40 per sq ft, B Class properties sold for $17/ft and C Class $5/ft.

Multifamily Real Estate in Palatka, Florida

136( 1.14%) of the properties in Palatka are classified as Multifamily. 9 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $376,000. The median sales price was $40,000. In 2014 the median sales price for Multifamily in Palatka was $22 per sq ft.

Office Real Estate in Palatka, Florida

187( 1.56%) of the properties in Palatka are classified as Office. 1 of them sold between September 1st, 2014 and September 1st, 2014. The total value of these sales was $75,000. The median sales price was $75,000. In 2014 the median sales price for Office in Palatka was $35 per sq ft.

Residential Real Estate in Palatka, Florida

7,100( 59.30%) of the properties in Palatka are classified as Residential. 249 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $23,256,935. The median sales price was $55,000. In 2014 the median sales price for A Class Residential in Palatka was $65 per sq ft, B Class properties sold for $29/ft and C Class $9/ft.

Residential Real Estate in Palatka, Florida

0( .00%) of the properties in Palatka are classified as Residential.

Retail Real Estate in Palatka, Florida

429( 3.58%) of the properties in Palatka are classified as Retail. 15 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $6,043,021. The median sales price was $415,000. In 2014 the median sales price for Retail in Palatka was $47 per sq ft.

Senior Housing Real Estate in Palatka, Florida

2( .02%) of the properties in Palatka are classified as Senior Housing.

Special Purpose Real Estate in Palatka, Florida

161( 1.34%) of the properties in Palatka are classified as Special Purpose. 1 of them sold between July 1st, 2014 and July 1st, 2014. The total value of these sales was $27,500. The median sales price was $27,500. In 2014 the median sales price for Special Purpose in Palatka was $21 per sq ft.

Sports & Entertaining Real Estate in Palatka, Florida

14( .12%) of the properties in Palatka are classified as Sports & Entertaining.

Palatka, Putnam County Market Data

Palatka Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 241 76,920
Government Property 158 2,371,411
Health Care 8 360,973
Hotel & Motel 667 529,943
Industrial 95 5,776,594
Land 3,334 628,148
Miscellaneous Property 31 301,699
Mobile/Manufactured 2,517 4,975,808
Multifamily 127 1,333,661
Office 180 831,127
Residential 6,984 15,280,045
Retail 400 3,503,165
Senior Housing 2 68,791
Special Purpose 157 1,295,777
Sports & Entertaining 13 130,411

Palatka Median Property Values per Sq Ft

Palatka Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $449$24 $388$12 $388$7
Auto sales, auto repair and storage or auto service shop 2016 $449$32 $388$16 $388$8
Bowling alley, skating rink, pool hall or enclosed arena 2016 $449$37 $388$17 $388$7
Centrally assessed 2016 $449$42 $388$15 $388$6
Church 2016 $449$24 $388$12 $388$7
Club, lodge or union hall 2016 $449$24 $388$12 $388$7
College 2016 $449$30 $388$15 $388$7
Community Shopping Center 2016 $449$32 $388$16 $388$8
County Owned 2016 $449$30 $388$15 $388$7
Cropland soil capability Class I 2016 $449$27 $388$15 $388$9
Cultural organization, facility 2016 $449$24 $388$12 $388$7
Department Store 2016 $449$32 $388$16 $388$8
Drive-in Restaurant 2016 $449$32 $388$16 $388$8
Federal Owned 2016 $449$30 $388$15 $388$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $449$32 $388$16 $388$8
Florist or greenhouse 2016 $449$32 $388$16 $388$8
Food processing 2016 $449$17 $388$10 $388$5
Forest, park or recreational area 2016 $449$30 $388$15 $388$7
Golf course or driving range 2016 $449$37 $388$17 $388$7
Grazing land soil capability Class I 2016 $449$27 $388$15 $388$9
Grazing land soil capability Class III 2016 $449$27 $388$15 $388$9
Grazing land soil capability Class IV 2016 $449$27 $388$15 $388$9
Grazing land soil capability Class V 2016 $449$27 $388$15 $388$9
Grazing land soil capability Class VI 2016 $449$27 $388$15 $388$9
Heavy industrial 2016 $449$17 $388$10 $388$5
Home for the aged 2016 $449$15 $388$10 $388$9
Hotel or motel 2016 $449$33 $388$33 $388$33
Improved agricultural 2016 $449$27 $388$15 $388$9
Insurance company office 2016 $449$30 $388$18 $388$11
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $449$42 $388$15 $388$6
Light manufacturing 2016 $449$17 $388$10 $388$5
Lumber yard, sawmill or planing mill 2016 $449$17 $388$10 $388$5
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $449$17 $388$10 $388$5
Miscellaneous Residential (migrant camp or boarding home.) 2016 $449$33 $388$33 $388$33
Mixed use - store and office or store and residential or residential combination 2016 $449$32 $388$16 $388$8
Mobile Home 2016 $449$6 $388$6 $388$6
Mortuary, cemetery or crematorium 2016 $449$24 $388$12 $388$7
Multi-family - 10 units or more 2016 $449$22 $388$13 $388$7
Multi-family - less than 10 units 2016 $449$22 $388$13 $388$7
Municipal Owned 2016 $449$30 $388$15 $388$7
Nightclub, cocktail lounge or bar 2016 $449$37 $388$17 $388$7
Office building, non-professional service building, multi-story 2016 $449$30 $388$18 $388$11
Office building, non-professional service building, one story 2016 $449$30 $388$18 $388$11
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $449$17 $388$10 $388$5
Orchard Groves, Citrus, etc. 2016 $449$27 $388$15 $388$9
Orphanage, other non-profit or charitable services 2016 $449$24 $388$12 $388$7
Packing plant (fruit and vegetable or meat packing) 2016 $449$17 $388$10 $388$5
Poultry, bees, tropical fish, rabbits, etc. 2016 $449$27 $388$15 $388$9
Private school or college 2016 $449$24 $388$12 $388$7
Privately owned hospital 2016 $449$25 $388$17 $388$11
Professional service building 2016 $449$30 $388$18 $388$11
Public county school 2016 $449$30 $388$15 $388$7
Regional Shopping Center 2016 $449$32 $388$16 $388$8
Repair service shop (excluding automotive) 2016 $449$32 $388$16 $388$8
Restaurant, cafeteria 2016 $449$32 $388$16 $388$8
Sanitarium or convalescent rest home 2016 $449$25 $388$17 $388$11
Service station 2016 $449$32 $388$16 $388$8
Single Family 2016 $449$16 $388$16 $388$16
State Owned 2016 $449$30 $388$15 $388$7
Store, one story 2016 $449$32 $388$16 $388$8
Supermarket 2016 $449$32 $388$16 $388$8
Timberland - site index 50 to 59 2016 $449$27 $388$15 $388$9
Timberland - site index 60 to 69 2016 $449$27 $388$15 $388$9
Timberland - site index 70 to 79 2016 $449$27 $388$15 $388$9
Timberland - site index 80 to 89 2016 $449$27 $388$15 $388$9
Timberland - site index 90 and above 2016 $449$27 $388$15 $388$9
Timberland not classified by site index to Pines 2016 $449$27 $388$15 $388$9
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $449$37 $388$17 $388$7
Utility 2016 $449$42 $388$15 $388$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $449$17 $388$10 $388$5
Wholesale outlet, produce house or manufacturing outlet 2016 $449$32 $388$16 $388$8