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:
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%.
Region | Population 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.
Activity | Value (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 | $546 | 100% |
Putnam County Regional Comparisons
City | Population 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.
Region | Population 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.
Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
---|---|---|---|---|---|---|---|
Agricultural | 287 | 2.40 | 0 | n/a | n/a | n/a | n/a |
Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Government Property | 160 | 1.34 | 0 | n/a | n/a | n/a | n/a |
Health Care | 8 | 0.07 | 2 | $17,550,000 | $418 | September 1st, 2014 | September 1st, 2014 |
Hotel & Motel | 776 | 6.48 | 10 | $25,500 | $21 | March 1st, 2014 | September 1st, 2014 |
Industrial | 100 | 0.84 | 5 | $250,000 | $49 | January 1st, 2014 | July 1st, 2014 |
Miscellaneous Property | 31 | 0.26 | 0 | n/a | n/a | n/a | n/a |
Mobile/Manufactured | 2,582 | 21.57 | 80 | $35,850 | $17 | January 1st, 2014 | October 1st, 2014 |
Multifamily | 136 | 1.14 | 9 | $40,000 | $22 | February 1st, 2014 | August 1st, 2014 |
Office | 187 | 1.56 | 1 | $75,000 | $35 | September 1st, 2014 | September 1st, 2014 |
Residential | 7,100 | 59.30 | 249 | $55,000 | $29 | January 1st, 2014 | October 1st, 2014 |
Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Retail | 429 | 3.58 | 15 | $415,000 | $47 | January 1st, 2014 | August 1st, 2014 |
Senior Housing | 2 | 0.02 | 0 | n/a | n/a | n/a | n/a |
Special Purpose | 161 | 1.34 | 1 | $27,500 | $21 | July 1st, 2014 | July 1st, 2014 |
Sports & Entertaining | 14 | 0.12 | 0 | n/a | n/a | n/a | n/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
Property Usage | Property Count | Total 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
Property Class | Class A | Class B | Class C | ||||
---|---|---|---|---|---|---|---|
Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
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 |
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