ZIP 32428

32428 is one of 5 ZIP codes that lie mostly in Washington County, FL — 97% of its own area is in the county.

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

7 school locations in 32428: 1 elementary, 1 middle, 5 high.

In alphabetical order: CHIPLEY HIGH SCHOOL, KATE M. SMITH ELEMENTARY SCHOOL, ROULHAC MIDDLE SCHOOL, WASHINGTON ACADEMY OF VARYING EXCEPTIONALITIES (WAVE), and more on the ZIP page. Locations only — no ratings are shown here.

In January 2011 the typical home in 32428 was worth $91,215.

Values peaked at $231,965 in March 2025. The latest reading is −0.8% from that peak.

As of August 2026: $230,190, +1.1% over twelve months.

Start with the typical home: $230,190. Put 20% down and borrow $184,152 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,275 a month in principal and interest.

The median household here earns $52,234 a year, $4,353 a month. So the payment takes 29.3% 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 11.6% in 2011.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2011 (4.76%) the payment was $381.

In December 2020, with rates at 2.68%, it was $539.

By August 2026, at 6.67%, it was $1,184 — +120% since December 2020, while the home's value moved +38%.

Reported values rose +152% since January 2011.

General prices (CPI-U) rose +51% over the same span.

Divide one by the other: in August 2026 dollars, the 2011 home was worth $137,792. So the real change is +67%, not +152%.

32428: +152% since January 2011.

Washington County: +152% since January 2011.

Florida: +167% since January 2011 — 32428 ran behind it by 15 points.

Owning the typical home costs about $1,505 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $915 a month.

Price divided by a year's rent: 21.0. 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 41 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 132.

Going out — closed sales: about 28 a month.

The ladder: homes for sale ÷ monthly sales = 4.7 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 13 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 28 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 14 — so sales ran at 200% of it, and below it in 0 of the last 24 months.

Across Washington County, builders pulled permits for 223 new homes in 2025.

Of those, 100% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Washington County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 404 moved in. Among the ten receiving the most, 421 moved out.

Net across those counties: −17 households. Beside it, homes for sale in this ZIP: 132 in June 2026.

Most arrivals came from Bay, FL (216 households); most departures went to Bay, FL (182).