The typical owner-occupied home in East Palatka is worth about $246,600, 31% below the Florida median of $359,000 and 26% below the national median of $332,700. The median household earns $73,718 a year, so the median home costs 3.3 times the median income (4.8 times for Florida). 75% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
East Palatka at a glance
| East Palatka | Florida | U.S. | |
|---|---|---|---|
| Median home value | $246,600 | $359,000 | $332,700 |
| Median property tax paid per year | – | $2,730 | $3,119 |
| Median household income | $73,718 | $74,568 | $80,734 |
| Homes lived in by their owners | 75% | 68% | 65% |
| Owner homes with a mortgage | 26% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,675 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 26.9% | 23.6% | 21.0% |
| Median rent | $1,101 | $1,669 | $1,413 |
| Rent as a share of renters' income | 51.0% | 35.2% | 30.6% |
| Median year homes were built | 1980 | 1988 | 1980 |
| Vacant homes | 17.2% | 14.7% | 10.1% |
| Population | 1,494 | 22,416,077 | 334,922,499 |
What a typical home costs per month in East Palatka
At this week's average 30-year rate of 7.11%, buying the median East Palatka home of $246,600 with 20% down costs about $1,656 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,067, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $70,968 for the 20%-down payment. That payment is 27% of the median East Palatka household income of $73,718; at that income and 20% down, the 28% guideline points to a home of about $256,000.
The median rent here is $1,101 a month, so owning the median home costs about $555 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,320 |
|---|---|
| Loan amount | $197,280 |
| Principal and interest | $1,327 |
| Property taxes (1.10% a year) | $226 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| PMI | $0 |
| Total per month | $1,656 |
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| Down payment | $8,631 |
|---|---|
| Loan amount | $242,133 |
| Principal and interest | $1,629 |
| Property taxes (1.10% a year) | $226 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| FHA mortgage insurance | $109 |
| Total per month | $2,067 |
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Questions about home buying in East Palatka
What is the median home value in East Palatka?
About $246,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in East Palatka?
For the median home with 20% down at 7.11%, the payment is about $1,656 a month. Keeping that under 28% of gross income takes about $70,968 a year.
More about East Palatka
- Mortgage Refinance in East Palatka
- Debt Relief in East Palatka
- Home Equity Loans in East Palatka
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data