ZIP 32405 vs ZIP 32404

32405 is one of 12 ZIP codes that lie mostly in Bay County, FL.

Shaded by typical home value, it ranks 6 of the 10 with a value.

13 school locations in 32405: 5 elementary, 2 middle, 5 high, 1 other.

In alphabetical order: BAY HAVEN CHARTER ACADEMY, BAY HAVEN CHARTER MIDDLE SCHOOL, BAY VIRTUAL FRANCHISE, BAY VIRTUAL INSTRUCTION PROGRAM, and more on the ZIP page. Locations only — no ratings are shown here.

32404 is one of 12 ZIP codes that lie mostly in Bay County, FL.

Shaded by typical home value, it ranks 7 of the 10 with a value.

8 school locations in 32404: 5 elementary, 2 middle, 1 high.

In alphabetical order: CALLAWAY ELEMENTARY SCHOOL, DEER POINT ELEMENTARY SCHOOL, MERRITT BROWN MIDDLE SCHOOL, NORTH BAY HAVEN CAREER ACADEMY, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 32405 was worth $109,338.

Values peaked at $306,729 in April 2024. The latest reading is −2.6% from that peak.

As of August 2026: $298,838, +1.1% over twelve months.

Start with the typical home: $298,838. Put 20% down and borrow $239,070 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,655 a month in principal and interest.

The median household here earns $71,002 a year, $5,917 a month. So the payment takes 28.0% 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 10.2% in 2000.

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 $655.

In December 2020, with rates at 2.68%, it was $738.

By August 2026, at 6.67%, it was $1,537 — +108% since December 2020, while the home's value moved +31%.

Reported values rose +173% 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 $215,790. So the real change is +38%, not +173%.

32405: +173% since January 2000.

Bay County: +202% since January 2000.

Florida: +245% since January 2000 — 32405 ran behind it by 72 points.

Owning the typical home costs about $1,954 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,603 a month.

Price divided by a year's rent: 15.5. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 32404 was worth $104,503.

Values peaked at $290,106 in April 2024. The latest reading is −1.3% from that peak.

As of August 2026: $286,214, +0.9% over twelve months.

Start with the typical home: $286,214. Put 20% down and borrow $228,971 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,585 a month in principal and interest.

The median household here earns $72,208 a year, $6,017 a month. So the payment takes 26.3% 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 9.6% in 2000.

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 $626.

In December 2020, with rates at 2.68%, it was $699.

By August 2026, at 6.67%, it was $1,472 — +111% since December 2020, while the home's value moved +33%.

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 $206,247. So the real change is +39%, not +174%.

32404: +174% since January 2000.

Bay County: +202% since January 2000.

Florida: +245% since January 2000 — 32404 ran behind it by 71 points.

Owning the typical home costs about $1,872 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,837 a month.

Price divided by a year's rent: 13.0. 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 42 a month (Redfin, 3-month rolling data through August 2026). That is 80% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 168. That is 78% of the 2015–2019 level for the same months.

Going out — closed sales: about 41 a month. That is 77% of the 2015–2019 level for the same months. The drain is drawn 2% narrower: the share of homes for sale that sell each month is 98% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 4.1 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 1 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 41 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 36 — so sales ran at 114% of it, and below it in 18 of the last 24 months.

Across Bay County, builders pulled permits for 2,072 new homes in 2025.

Of those, 81% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

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 119 a month (Redfin, 3-month rolling data through August 2026). That is 152% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 448. That is 135% of the 2015–2019 level for the same months.

Going out — closed sales: about 105 a month. That is 174% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 4.3 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 14 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 105 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 56 — so sales ran at 188% of it, and below it in 1 of the last 24 months.

Across Bay County, builders pulled permits for 2,072 new homes in 2025.

Of those, 81% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Bay County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 1,415 moved in. Among the ten receiving the most, 1,263 moved out.

Net across those counties: +152 households. Beside it, homes for sale in this ZIP: 168 in June 2026.

Most arrivals came from Walton, FL (275 households); most departures went to Washington, FL (216).

This ZIP sits in Bay County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 1,415 moved in. Among the ten receiving the most, 1,263 moved out.

Net across those counties: +152 households. Beside it, homes for sale in this ZIP: 448 in June 2026.

Most arrivals came from Walton, FL (275 households); most departures went to Washington, FL (216).