Crescent City 32112

Palatka, FL · Putnam County, FL · 5,631 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

46affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
33%
stretched
Days on market
116
daily
Price cuts
19.6%
of active
Look up an address
44
/100
mixed
stable · balanced · prices easing year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

81/ 100SellerBalancedBuyer
Strong Buyer's Market
Needs 9.1% correction for affordability
DOM: 106d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)100
Supply & Demand (20%)100
Buy vs Rent (15%)75
Cancellation Rate (10%)75
Days on Market (5%)100

Strong buyer leverage in 32112. If you must buy now, offer 10-15% below list price. Payment burden: 33.1% of median income. Median days on market: 106. Renting is approximately 88% cheaper than buying (price-to-rent ratio: 22.6). Market appears 32% overpriced vs. assessed values.

What to Offer

Offer 10-15% below list price. Sellers are under pressure.

Conditions most similar to late 2007 — overvaluation without corresponding income growth. Significant correction potential.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 1.6% YoY.

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Market snapshoteach number, once

Median price
$213,881
▾ 1.6% YoY
Days on market
116
daily · zip_data
Median rent
$787
ZORI
Investor score
39/100
cash-flow lens
Active listings
30
90-day

Valuation3 lenses, different anchors

vs assessor
—
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$0
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+67.3%
County-wide market — the widest, slowest signal.
Putnam+67.3%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$200
Price-to-income5.5×

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How 32112 ranks in FL
percentile vs all FL ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

22SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply19.7 mo
Days on Market116d
Inv vs History-5.5%
Listing Density10.5/1k
Market dynamics
Price cut %19.6%
Momentumstable
LeverageBALANCED
Months of supply19.7
Sales (90d)0
Investment analysis
Median rent$787
Price-to-rent22.6
Est. cap rate2.9%
Buy vs rentfavors renting

Livability

Walk score16
Transit score—
Bike score—

Historical trends

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Putnam County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Palatka Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Putnam County