ZIP 32423 vs ZIP 32440

32423 is one of 12 ZIP codes that lie mostly in Jackson County, FL.

Shaded by typical home value, it ranks 5 of the 11 with a value.

32440 is one of 12 ZIP codes that lie mostly in Jackson County, FL — 69% of its own area is in the county.

Shaded by typical home value, it ranks 6 of the 11 with a value.

3 school locations in 32440: 3 high.

In alphabetical order: GRACEVILLE SCHOOL, POPLAR SPRINGS HIGH SCHOOL, THE DOVE (DEVELOPING OPPORTUNITIES THRU VOC. ED.). Locations only — no ratings are shown here.

In March 2004 the typical home in 32423 was worth $116,739.

Values peaked at $185,983 in May 2026. The latest reading is −0.9% from that peak.

As of August 2026: $184,391, +2.1% over twelve months.

Start with the typical home: $184,391. Put 20% down and borrow $147,513 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 $55,191 a year, $4,599 a month. So the payment takes 22.2% 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 14.1% 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 $527.

In December 2020, with rates at 2.68%, it was $443.

By August 2026, at 6.67%, it was $949 — +114% since December 2020, while the home's value moved +35%.

Reported values rose +58% 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 $208,477. So the real change is −12%, not +58%.

32423: +58% since March 2004.

Jackson County: +68% since March 2004.

Florida: +133% since March 2004 — 32423 ran behind it by 75 points.

Owning the typical home costs about $1,206 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $642 a month.

Price divided by a year's rent: 23.9. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In February 2004 the typical home in 32440 was worth $99,403.

Values peaked at $184,117 in August 2024. The latest reading is −4.4% from that peak.

As of August 2026: $176,091, −0.1% over twelve months.

Start with the typical home: $176,091. Put 20% down and borrow $140,873 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $975 a month in principal and interest.

The median household here earns $53,974 a year, $4,498 a month. So the payment takes 21.7% 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 12.2% in 2004.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in February 2004 (5.64%) the payment was $458.

In December 2020, with rates at 2.68%, it was $419.

By August 2026, at 6.67%, it was $906 — +116% since December 2020, while the home's value moved +36%.

Reported values rose +77% since February 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 $177,898. So the real change is −1%, not +77%.

32440: +76% since March 2004.

Jackson County: +68% since March 2004.

Florida: +133% since March 2004 — 32440 ran behind it by 56 points.

Owning the typical home costs about $1,151 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $766 a month.

Price divided by a year's rent: 19.2. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Homes sold: about 1 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 0 — so sales ran at ∞% of it, and below it in 9 of the last 24 months.

Across Jackson County, builders pulled permits for 98 new homes in 2025.

Of those, 98% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Homes sold: about 4 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 2 — so sales ran at 200% of it, and below it in 2 of the last 24 months.

Across Jackson County, builders pulled permits for 98 new homes in 2025.

Of those, 98% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Jackson County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 532 moved in. Among the ten receiving the most, 488 moved out.

Net across those counties: +44 households. Beside it, homes for sale in this ZIP: 3 in June 2026.

Most arrivals came from Bay, FL (122 households); most departures went to Bay, FL (106).

This ZIP sits in Jackson County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 532 moved in. Among the ten receiving the most, 488 moved out.

Net across those counties: +44 households. Beside it, homes for sale in this ZIP: 20 in June 2026.

Most arrivals came from Bay, FL (122 households); most departures went to Bay, FL (106).