ZIP 32040

32040 is one of 4 ZIP codes that lie mostly in Baker County, FL.

Shaded by typical home value, it ranks 1 of the 3 with a value.

2 school locations in 32040: 1 elementary, 1 high.

In alphabetical order: WESTSIDE ELEMENTARY SCHOOL, and more on the ZIP page. Locations only — no ratings are shown here.

In March 2004 the typical home in 32040 was worth $154,745.

Values peaked at $380,740 in April 2026. The latest reading is −0.7% from that peak.

As of August 2026: $378,192, +4.4% over twelve months.

Start with the typical home: $378,192. Put 20% down and borrow $302,554 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,095 a month in principal and interest.

The median household here earns $76,667 a year, $6,389 a month. So the payment takes 32.8% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 13.4% in 2004.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in March 2004 (5.45%) the payment was $699.

In December 2020, with rates at 2.68%, it was $862.

By August 2026, at 6.67%, it was $1,946 — +126% since December 2020, while the home's value moved +42%.

Reported values rose +144% since March 2004.

General prices (CPI-U) rose +79% over the same span.

Divide one by the other: in August 2026 dollars, the 2004 home was worth $276,350. So the real change is +37%, not +144%.

32040: +144% since March 2004.

Baker County: +115% since March 2004.

Florida: +133% since March 2004 — 32040 ran ahead of it by 12 points.

Owning the typical home costs about $2,473 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,015 a month.

Price divided by a year's rent: 31.1. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 7 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 26.

Going out — closed sales: about 8 a month.

The ladder: homes for sale ÷ monthly sales = 3.1 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 2 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 8 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 3 — so sales ran at 267% of it, and below it in 1 of the last 24 months.

Across Baker County, builders pulled permits for 121 new homes in 2025.

Of those, 82% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Baker County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 406 moved in. Among the ten receiving the most, 323 moved out.

Net across those counties: +83 households. Beside it, homes for sale in this ZIP: 26 in June 2026.

Most arrivals came from Duval, FL (267 households); most departures went to Duval, FL (188).