Total monthly cost of ownership
Cost to Own a Home in Palatka, Florida
A $112,000 home here costs
$1,040per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $464 higher every month — 81% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Palatka against Putnam County and Florida
| Measure | Palatka | Putnam County |
|---|---|---|
| Median home value | $112,300 | $147,300 |
| Median property tax | $1,192 | $1,196 |
| Effective tax rate | 1.061% | 0.812% |
| Median gross rent | $914 | $902 |
| Population | 10,558 | 74,235 |
The weather behind that power bill
Palatka sits in Putnam County, which averages a high of 90.0°F in its hottest month and a low of 47.1°F in its coldest, with 51.4" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 2,776 cooling and 938 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Putnam County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Putnam County
Common questions
How much does it cost to own a home in Palatka?
A $112,000 home in Palatka, Florida costs approximately $1,040 per month with 20% down at 6.66%. That is $576 principal and interest, $99 property tax, $68 homeowners insurance, $204 utilities and $93 set aside for maintenance.
What is the property tax rate in Palatka?
Palatka has an effective property tax rate of 1.061%, based on a median home value of $112,300 and median real estate taxes of $1,192. That is higher than the Putnam County average of 0.812%.
What is the average home price in Palatka?
The median owner-occupied home value in Palatka, Florida is $112,300, against $147,300 across Putnam County.
Is it cheaper to rent or buy in Palatka?
Median gross rent in Palatka is $914 a month, against $1,040 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Palatka — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.