ZIP Code · FL

ZIP 32177

Part of Palatka, FL

Pop. 25,645·Putnam County·646th most expensive ZIP in Florida

Median rent (all units)

$1,371/mo

Year-over-Year

-7.0%

Month-over-Month

-3.9%

vs US Median

-$561

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 32177 · $1,371

More affordable than 82% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$910

1 BR

$910

2 BR

$1,200

3 BR

$1,510

4 BR+

$1,590

Research median

$1,200/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Florida

Rent in ZIP 32177 changed -7.1% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 4 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($47,796) is $1,195 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($910); a 2-bedroom is $1,200.

From Zillow's monthly rent index (ZORI) for ZIP 32177. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,452/yr

At $1,371/mo median

Location

CityPalatka

StateFL

CountyPutnam County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 7.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-7.0% YoY, -3.9% MoM), not inventory.

Demographics

Who lives here

ZIP 32177 (Palatka, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 12.7% of residents hold a bachelor's degree or higher.

Population

25,645

Median income

$47,796

Median age

39.9

Renters

32.9%

Age distribution

24.7%

19.3%

22.4%

13.2%

20.4%

Under 1824.7%

18–3419.3%

35–5422.4%

55–6413.2%

65+20.4%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

63.9%

27.5%

White63.9%

Black27.5%

Hispanic6.9%

Asian0.5%

Other1.2%

Education (25+)

15%

44.4%

27.9%

12.7%

No HS diploma15%

HS diploma44.4%

Some college27.9%

Bachelor's+12.7%

Housing tenure

67.1%

32.9%

Owner67.1%

Renter32.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32177 in Palatka, FL has changed in 5 years

Income

$39,133 → $47,796

up 22.1%

Population

26,087 → 25,645

down 1.7%

Renter share

37.9% → 32.9%

-5.0 pts

Bachelor's+

10.9% → 12.7%

+1.8 pts

Median age

41.5 → 39.9

-1.6 yrs

Census figures show median household income at $47,796 today, compared with $39,133 five years earlier. Census counts show ZIP 32177 in Palatka, FL losing about 442 residents over the five-year window, down 1.7% on net. The renter share has eased from 37.9% to 32.9%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 32177

Last updated: October 17, 2026

ZIP code 32177 covers Palatka, FL. The median rent here is $1,371/mo as of October 2026. A 1-bedroom rents for a median of $910/mo. A 2-bedroom rents for a median of $1,200/mo.

At 34% of local median household income ($47,796/yr), ZIP 32177 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 7.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32177?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,371/mo in ZIP 32177. The local median household income is $47,796/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32177?

Rent in ZIP 32177 has fallen 7.0% over the past year.

How does ZIP 32177 compare to other ZIPs in Florida?

ZIP 32177 is one of the more affordable among Florida ZIP codes for rent, ranking #646 of 656 at $1,371/mo. Over the year to September 2026, rent in ZIP 32177 changed -7.1%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.