Photo: FloNight (Sydney Poore) and Russell Poore · CC BY-SA 4.0Measured against area pay, Crescent City costs more to live in than 76% of U.S. towns
Down 2.3% in a year, 44% below the Florida typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Palatka, FL micro area ($48K). How TownRatings grades cost of living
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Palatka-area micro earn ($48K, Census 2020–24). Even so, the typical home costs 4.0 years of area income, and 66% of renters pay 30% or more of income for housing.
In dollars
- $209Ktypical home, 44% below the Florida typical homeZillow, September 2026
- $1,550a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 4.0 yrsof area income buys the typical home; the typical U.S. town: 3.3$48K, Palatka-area income
- 20%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 66%of renters pay 30%+ of income for housing; across Florida: 60%Census 2020–24
- 32%of owners do; the typical U.S. town: 20%Census 2020–24
What Crescent City’s housing numbers say
New renters pay more than renters already here
HUD puts a standard two-bedroom at about $1,550 a month with utilities, the going rate for someone moving in. Renters already in Crescent City pay a median of $789. Renting ↓
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Crescent City home runs about $1,220 a month with tax and insurance. A two-bedroom rents for about $1,550. The hurdle is getting in: the down payment, and a budget at the median income that falls short of the typical home. Can I afford it? ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; permits are Census figures through 2021 (2021 partly estimated); incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Crescent City’s grade
Measured against what households in the area earn, Crescent City is more affordable than 24% of U.S. towns. The share of households paying 30%+ for housing pulls the grade down most; property tax holds it up.
Values have lagged Florida: the typical Crescent City home is up 13.0% in five years, against 18.6% statewide (Zillow).
Up 13% in five years
Slower than Florida (18.6%).
Show as a table
| January | Crescent City | Florida |
|---|---|---|
| 2017 | $91,000 | $209,000 |
| 2018 | $101,000 | $226,000 |
| 2019 | $114,000 | $241,000 |
| 2020 | $132,000 | $252,000 |
| 2021 | $155,000 | $276,000 |
| 2022 | $190,000 | $339,000 |
| 2023 | $208,000 | $392,000 |
| 2024 | $211,000 | $402,000 |
| 2025 | $217,000 | $396,000 |
| 2026 | $211,000 | $377,000 |
| September 2026 | $209,000 | $375,000 |
A typical Crescent City home worth $90K in October 2016 is worth about $209K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 4.0 years of area income
The calculator starts from the area income the grade uses. Switch to Crescent City’s own median, or type yours.
That’s $17K short of a typical Crescent City home.
A two-bedroom rents for about $1,550 a month here, $330 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Crescent City’s typical property tax (0.71% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,550
Renters already here pay a median of $789, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2021
No permits for new homes were issued in Crescent City in 2021. The last year with any was 2019 (1 new home).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $250,000 |
| 2018 | 2 | 2 | 0 | $765,000 |
| 2017 | 1 | 1 | 0 | $65,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $80,000 |
Crescent City's permit office hasn't appeared in the Census permit files since 2021, so these are its newest figures.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs below the Florida norm
The median bill is $1,374 (Florida: $2,730), 0.71% of a home’s value a year, against 0.76% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Crescent City and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Crescent City | C− | $209K | $193K | 0.71% | $1,550 |
Questions about the cost of living in Crescent City
Is Crescent City expensive to live in?
Measured against what households in the area earn, Crescent City costs more than 76% of U.S. towns: a C− for cost of living. The typical home costs 4.0 years of the median household income of the Palatka, FL micro area ($48K).
How much does a house cost in Crescent City?
About $209K, Zillow’s typical value for September 2026, down 2.2% in a year. The Florida typical home is $375K.
What salary do you need to live in Crescent City?
To buy the typical home with 20% down at 6.3%, about $52,000 a year, keeping the payment (about $1,220 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $62,000.
How much is rent in Crescent City?
HUD puts a two-bedroom at about $1,550 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $789 (Census 2020–24).
What are property taxes in Crescent City?
The median bill is $1,374 a year, 0.71% of the median home value (Florida: $2,730, 0.76%), from the Census 2020–24.
Are home prices in Crescent City going up?
No: down 2.2% in the past year and 13.0% in five years, against 18.6% across Florida (Zillow).
Neighbors talk housing
What Crescent City buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.