Lotvox market story · compare
ZIP 32331 vs ZIP 32340
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Who's going to sell
Turnover Index not published for 32331 yet.
Where
32331 in Madison County, FL
32331 is one of 4 ZIP codes that lie mostly in Madison County, FL — 73% of its own area is in the county.
Shaded by typical home value, it ranks 3 of the 4 with a value.
- Value rank in county
- 3 of 4
Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research
Local life
Schools in 32331
3 school locations in 32331: 1 middle, 2 high.
In alphabetical order: GREENVILLE ELEMENTARY SCHOOL, JOANN BRIDGES ACADEMY, WAYPOINT CHARTER ACADEMY. Locations only — no ratings are shown here.
- School locations
- 3
Source: U.S. Department of Education, National Center for Education Statistics (school locations)
Turnover Index not published for 32340 yet.
Where
32340 in Madison County, FL
32340 is one of 4 ZIP codes that lie mostly in Madison County, FL.
Shaded by typical home value, it ranks 4 of the 4 with a value.
- Value rank in county
- 4 of 4
Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research
Local life
Schools in 32340
8 school locations in 32340: 1 elementary, 2 middle, 5 high.
In alphabetical order: JAMES MADISON PREPARATORY HIGH SCHOOL, MADISON COUNTY CENTRAL SCHOOL, MADISON COUNTY HIGH SCHOOL, MADISON CREATIVE ARTS ACADEMY INC, and more on the ZIP page. Locations only — no ratings are shown here.
- School locations
- 8
Source: U.S. Department of Education, National Center for Education Statistics (school locations)
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What it costs
Home values
What homes are worth in 32331
In January 2000 the typical home in 32331 was worth $78,904.
Values peaked at $224,138 in April 2026. The latest reading is −0.8% from that peak.
As of August 2026: $222,378, +2.3% over twelve months.
- Typical home value
- $222,378
- 12-month change
- +2.3%
Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31
Housing pulse
Monthly cost vs. price
Start with the typical home: $222,378. Put 20% down and borrow $177,902 at 7.40%, the 30-year fixed average as of October 8, 2026.
That is $1,232 a month in principal and interest.
The median household here earns $53,472 a year, $4,456 a month. So the payment takes 27.6% of income — rated “affordable” (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 9.8% in 2000.
- Payment share of income
- 27.6%
- Monthly P&I
- $1,232
Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31
Lotvox lens
The payment, at each month's rate
Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $472.
In December 2020, with rates at 2.68%, it was $498.
By August 2026, at 6.67%, it was $1,144 — +130% since December 2020, while the home's value moved +44%.
- Payment change since 2020
- +130%
Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Lotvox lens
Home value after inflation
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.
Reported values rose +182% since January 2000.
General prices (CPI-U) rose +97% over the same span.
Divide one by the other: in August 2026 dollars, the 2000 home was worth $155,725. So the real change is +43%, not +182%.
- Real change since 2000
- +43%
Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.
Home values
32331 against its neighbors
32331: +182% since January 2000.
Madison County: +192% since January 2000.
Florida: +245% since January 2000 — 32331 ran behind it by 63 points.
- Change since 2000
- +182%
Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Lotvox lens
Rent or own
Owning the typical home costs about $1,454 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $868 a month.
Price divided by a year's rent: 21.3. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.
- Price-to-rent
- 21.3
Source: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)
Home values
What homes are worth in 32340
In January 2000 the typical home in 32340 was worth $67,154.
Values peaked at $193,667 in January 2025. The latest reading is −4.9% from that peak.
As of August 2026: $184,250, −4.2% over twelve months.
- Typical home value
- $184,250
- 12-month change
- −4.2%
Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31
Housing pulse
Monthly cost vs. price
Start with the typical home: $184,250. Put 20% down and borrow $147,400 at 7.40%, the 30-year fixed average as of October 8, 2026.
That is $1,021 a month in principal and interest.
The median household here earns $43,393 a year, $3,616 a month. So the payment takes 28.2% 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 10.3% in 2000.
- Payment share of income
- 28.2%
- Monthly P&I
- $1,021
Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31
Lotvox lens
The payment, at each month's rate
Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $402.
In December 2020, with rates at 2.68%, it was $432.
By August 2026, at 6.67%, it was $948 — +119% since December 2020, while the home's value moved +38%.
- Payment change since 2020
- +119%
Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Lotvox lens
Home value after inflation
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.
Reported values rose +174% since January 2000.
General prices (CPI-U) rose +97% over the same span.
Divide one by the other: in August 2026 dollars, the 2000 home was worth $132,535. So the real change is +39%, not +174%.
- Real change since 2000
- +39%
Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.
Home values
32340 against its neighbors
32340: +174% since January 2000.
Madison County: +192% since January 2000.
Florida: +245% since January 2000 — 32340 ran behind it by 71 points.
- Change since 2000
- +174%
Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Lotvox lens
Rent or own
Owning the typical home costs about $1,205 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $825 a month.
Price divided by a year's rent: 18.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.
- Price-to-rent
- 18.6
Source: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)
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What's moving
Housing pulse
Sales pace vs. normal
Homes sold: about 1 a month in August 2026 (Redfin).
The 2015–2019 level for the same month was 2 — so sales ran at 50% of it, and below it in 3 of the last 24 months.
- Sales vs 2015–19 level
- 50%
Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08
New supply
Homes being permitted
Across Madison County, builders pulled permits for 39 new homes in 2025.
Of those, 100% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).
- Units permitted 2025
- 39
Source: U.S. Census Bureau, Building Permits Survey · data as of 2025
Housing pulse
Listings Flow Ladder
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: 33.
Going out — closed sales: about 4 a month.
The ladder: homes for sale ÷ monthly sales = 9.0 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.
The net reading: about 3 more homes came on than sold each month, so inventory is growing. The basin is filling.
- Months of supply
- 9.0
Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08-31
Housing pulse
Sales pace vs. normal
Homes sold: about 4 a month in August 2026 (Redfin).
The 2015–2019 level for the same month was 4 — so sales ran at 100% of it, and below it in 9 of the last 24 months.
- Sales vs 2015–19 level
- 100%
Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08
New supply
Homes being permitted
Across Madison County, builders pulled permits for 39 new homes in 2025.
Of those, 100% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).
- Units permitted 2025
- 39
Source: U.S. Census Bureau, Building Permits Survey · data as of 2025
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Who's holding, who's leaving
Housing pulse
Migration and inventory
This ZIP sits in Madison County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 131 moved in. Among the ten receiving the most, 119 moved out.
Net across those counties: +12 households. Beside it, homes for sale in this ZIP: 13 in June 2026.
Most arrivals came from Lowndes, GA (33 households); most departures went to Lowndes, GA (43).
- Net households (top-10 flows)
- +12
Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01
Housing pulse
Migration and inventory
This ZIP sits in Madison County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 131 moved in. Among the ten receiving the most, 119 moved out.
Net across those counties: +12 households. Beside it, homes for sale in this ZIP: 33 in June 2026.
Most arrivals came from Lowndes, GA (33 households); most departures went to Lowndes, GA (43).
- Net households (top-10 flows)
- +12
Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01