Madison · Madison County, FL · 7,307 properties with county records
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Madison 32340 is in Madison County, FL. The typical home value in Madison 32340 is $184,250 (Zillow Home Value Index, August 2026), down 4.3% from a year earlier. Homes that sold went under contract in a median 61 days, and 21% of listings took a price cut (Redfin Data Center, period ending Aug 31, 2026). On Lotvox's market-leverage reading of that data, with 9 months of supply, neither buyers nor sellers hold a clear edge. The Lotvox Turnover Index is not published for 32340 yet: it appears only where a held-out test on the county's recorded sales beats chance. Across Madison County's 4 ZIPs with a Zillow value, the middle one is $239,012, so 32340 sits 23% below the county middle. Lotvox holds county assessor records for 7,307 properties in 32340.
Headline value data through August 2026. Each source below carries its own date.
Is 32340 a buyer's or seller's market?
By Lotvox's leverage reading of Redfin data through Aug 31, 2026, 32340 is a balanced market. Homes went under contract in a median 61 days with 9 months of supply.
What do homes in 32340 sell for?
The typical home value in 32340 is $184,250 (Zillow Home Value Index, August 2026), down 4.3% in a year. County records put the median at about $199 per square foot (computed Apr 21, 2026).
Who is likely to sell in 32340?
Lotvox only publishes its Turnover Index where a held-out test on recorded sales beats chance, and 32340 has not passed that test yet. When it does, the score appears here.
How does 32340 compare to Madison County?
32340's typical value of $184,250 compares with a middle value of $239,012 across Madison County's 4 ZIPs. Both are Zillow Home Value Index figures for August 2026.
Where does this 32340 data come from?
Values and rents come from Zillow's research data, sales pace from the Redfin Data Center, and property counts and turnover from county assessor and deed records. Each number on this page carries its own date, and the method is published at lotvox.com/methodology.
Not available for this ZIP — no rent or ownership-cost estimate published here.
Rent to price
Not available for this ZIP — no price-to-rent ratio published here.
36
/100
weak
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 / seller
buyer-timing lens
Balanced Market
Score Components
Payment Burden (25%)25
Valuation Gap (25%)80
Buy vs Rent (15%)50
Days on Market (5%)75
Balanced market in 32340. List price is roughly fair — focus on condition and value. Payment burden: 26.4% of median income. Median days on market: 67. Renting is approximately 58% cheaper than buying (price-to-rent ratio: 19.0). Market appears 27% overpriced vs. assessed values.
Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLEBALANCED
Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 4.3% YoY.
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Housing pulse — Housing pulse could not be loaded (429).
Price bands
mix-shift
Price Bands — the median behind the median
A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from recorded arms-length deed transactions in Madison.
Current tiers · 12 months to Aug 25floor 10 sales/tier
5 tiers had too few sales at every level and are left blank rather than estimated.
Tier
Median
$/sqft
Sales
Share
Source
Under $250k
$104k
$93
86
76.1%
ZIP
$250k–$500k
$325k
$142
25
22.1%
ZIP
$500k–$750k
—
—
—
—
fewer than 10 sales at zip, county and metro level
$750k–$1M
—
—
—
—
fewer than 10 sales at zip, county and metro level
$1M–$1.5M
—
—
—
—
fewer than 10 sales at zip, county and metro level
$1.5M–$2M
—
—
—
—
fewer than 10 sales at zip, county and metro level
$2M+
—
—
—
—
fewer than 10 sales at zip, county and metro level
All sales (the headline median)
$138k
$109
113
100%
ZIP
No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.
National context — not local
NAR's aggregate existing-home median for the United States and the South census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 32340.
United States
South
Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.
Tiers computed from Lotvox parcel and deed substrate through Aug 25 (10 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.
ZIP 32340→Madison County, FL
12-Month Direction
-25Moderate Deterioration
Confidence
100%
DeterioratingStableImproving
BuildersLens Market Intelligence
Market Score
44· Weak
Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.
Payment Burden
28.2%
stretched
Source: Freddie Mac PMMS (FRED MORTGAGE30US) 7.4% · Zillow ZHVI · Census income · Updated 2026-10-08
Price-to-rent
18.6x
neutral
Source: Zillow ZHVI ÷ (Zillow ZORI × 12)
Valuation15
+66.5%
overvalued
Source: Lotvox comps · Updated 2026-05-15
Supply/Demand
9 mo
buyer's market
Source: Redfin Data Center (ZIP): inventory ÷ monthly homes sold · Updated 2026-08-31
Insurance Risk
46/100
moderate
Source: FEMA/NFIP · Updated 2026-04
County distress indicators
ECONOMIC INDICATORS
Economic indicators are mixed relative to comparable U.S. counties.
Unemployment Rate
5.2%
FL 4.5%US 4.4%
Near national averages
Source: BLS LAUS · 2026-0845d ago
Poverty Rate
19.8%
FL 12.4%US 12.6%
Higher than many comparable counties
Median Household Income
$48,176
FL $72,373US $82,006
Lower than many comparable counties
Cost of Living (RPP)
101.2
FL 101.2US 100.3
Near national averages
Home Value (ZHVI)$213,448
County data: BLS, Census ACS, CDC, FBI UCR, Federal Reserve, USDA
