LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,610
Monthly Cash Flow
$212
Principal + Equity
$1,687
Annual Total Gain
$22,786
Cash on Cash
4.95%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Places to Retire in Florida
#480out of 660 markets
Most Diverse Places to Live in Florida
#334out of 1195 markets
Places with the Lowest Cost of Living in Florida
#114out of 1193 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Palatka, FL.
In Palatka, FL, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors should be aware of the following regulations before purchasing a property for STR purposes:
1. Zoning Restrictions: Palatka has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are interested in purchasing is located in a zone that permits short term rentals.
2. Licensing and Permits: STR operators in Palatka are required to obtain a business tax receipt and a short term rental permit from the city. These permits may have specific requirements, such as safety inspections or insurance coverage.
3. Occupancy Limits: Palatka may have restrictions on the maximum number of guests allowed to stay in an STR property at one time. Investors should be aware of these limits and ensure they comply with them.
4. Noise and Nuisance Regulations: Palatka may have noise ordinances in place that restrict loud noise during certain hours. Investors should be aware of these regulations and communicate them to guests staying in their property.
5. Taxation: Investors should be aware of any local taxes that apply to STR properties in Palatka. This may include sales tax, tourist development tax, or resort tax.
6. Homeowner's Association Rules: If the property is located in a community with a homeowner's association (HOA), investors should review the HOA rules and regulations regarding STRs. Some HOAs may have restrictions or prohibitions on short term rentals.
By being aware of and complying with these regulations, investors can ensure that their investment in a Palatka property for Short Term Rental purposes is successful and legally compliant.
Market Trends Over Time
Explore 25 years of market data for Palatka, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Palatka, FL.
The LTR Genie Score of Palatka, FL is 75, indicating a high rating, while the STR Genie Score is 61, falling into the moderate category. The high LTR Genie Score can be attributed to the strong LTR Net ROI of 44.26% and the stable LTR Rentability. On the other hand, the moderate STR Genie Score is influenced by the lower STR Net ROI of 43.0% and the slightly lower STR Occupancy rate of 56.67.
Palatka, FL is a small town located along the St. Johns River in Northeast Florida, known for its historic downtown area and outdoor recreational opportunities. The market offers a mix of affordable housing options and potential for growth, making it an attractive option for real estate investors.
Considering the metrics provided, Palatka, FL appears to be more favorable for long-term rental investment due to the higher LTR Genie Score and stronger LTR Net ROI. However, investors may also find opportunities in the short-term rental market, although the STR Genie Score is slightly lower. Overall, Palatka, FL shows potential for both long-term and short-term rental investments, making it a market worth considering for real estate investors.
LTR Genie Score 93
$149,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,440 sqft.🏠 SINGLE FAMILY
