ZIP 32409 vs ZIP 32408

32409 is one of 12 ZIP codes that lie mostly in Bay County, FL.

Shaded by typical home value, it ranks 3 of the 10 with a value.

2 school locations in 32409: 1 elementary, 1 high.

In alphabetical order: DEANE BOZEMAN SCHOOL, SOUTHPORT ELEMENTARY SCHOOL. Locations only — no ratings are shown here.

32408 is one of 12 ZIP codes that lie mostly in Bay County, FL.

Shaded by typical home value, it ranks 4 of the 10 with a value.

1 school location in 32408: 1 elementary.

In alphabetical order: PATRONIS ELEMENTARY SCHOOL. Locations only — no ratings are shown here.

In January 2000 the typical home in 32409 was worth $95,922.

Values peaked at $375,961 in May 2026. The latest reading is −0.6% from that peak.

As of August 2026: $373,876, +1.6% over twelve months.

Start with the typical home: $373,876. Put 20% down and borrow $299,101 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,071 a month in principal and interest.

The median household here earns $60,687 a year, $5,057 a month. So the payment takes 40.9% of income — rated “severe” (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 10.5% 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 $574.

In December 2020, with rates at 2.68%, it was $893.

By August 2026, at 6.67%, it was $1,923 — +115% since December 2020, while the home's value moved +36%.

Reported values rose +290% 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 $189,312. So the real change is +97%, not +290%.

32409: +290% since January 2000.

Bay County: +202% since January 2000.

Florida: +245% since January 2000 — 32409 ran ahead of it by 45 points.

Owning the typical home costs about $2,445 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,700 a month.

Price divided by a year's rent: 11.5. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 32408 was worth $140,730.

Values peaked at $433,598 in August 2022. The latest reading is −14.7% from that peak.

As of August 2026: $369,691, −2.0% over twelve months.

Start with the typical home: $369,691. Put 20% down and borrow $295,753 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,048 a month in principal and interest.

The median household here earns $72,322 a year, $6,027 a month. So the payment takes 34.0% 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 12.9% 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 $843.

In December 2020, with rates at 2.68%, it was $932.

By August 2026, at 6.67%, it was $1,902 — +104% since December 2020, while the home's value moved +28%.

Reported values rose +163% 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 $277,745. So the real change is +33%, not +163%.

32408: +163% since January 2000.

Bay County: +202% since January 2000.

Florida: +245% since January 2000 — 32408 ran behind it by 82 points.

Owning the typical home costs about $2,417 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,820 a month.

Price divided by a year's rent: 16.9. 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 36 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 102.

Going out — closed sales: about 25 a month.

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 11 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 25 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 12 — so sales ran at 208% of it, and below it in 9 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 122 a month (Redfin, 3-month rolling data through August 2026). That is 97% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 669. That is 117% of the 2015–2019 level for the same months.

Going out — closed sales: about 92 a month. That is 86% of the 2015–2019 level for the same months. The drain is drawn 28% narrower: the share of homes for sale that sell each month is 72% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 7.2 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 30 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 92 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 90 — so sales ran at 102% of it, and below it in 23 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: 102 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: 669 in June 2026.

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