Lotvox market story

ZIP 32303

Leon County, FL

What homes are worth, what they cost to carry, how fast they sell — one step at a time.

Typical home value
$239,971
12-month change
+1.9%
Months of supply
3.9

This week since 2026-10-08: Payment share of income 25.3% (was 25.0%) · Monthly P&I $1,329 (was $1,314)

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Who's going to sell in 32303 this year?

Lotvox Turnover Index

Ranking every home in 32303 by how likely it is to sell

Lotvox Turnover Index
Not yet live
Source: County assessor and recorder public records; Lotvox analysis (calculations on the sources above) · accuracy by ZIP · methodology

The Lotvox Turnover Index isn't offered for 32303 yet.

Where

32303 in Leon County, FL

32301 · $211,95332303 · $239,97132304 · $168,20732305 · $195,58232306 · no value published32307 · no value published32308 · $341,56332309 · $400,00732310 · $181,70332311 · $328,56032312 · $454,61332313 · no value published32317 · $410,83732399 · no value published 32303
$168K$455K typical home value
Source: Census TIGER/Line · Zillow (ZHVI)Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

32303 is one of 14 ZIP codes that lie mostly in Leon County, FL.

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

Value rank in county
6 of 10

Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

Local life

Schools in 32303

9 school locations in 32303: 4 elementary, 3 middle, 2 high.

In alphabetical order: AMOS P. GODBY HIGH SCHOOL, ASTORIA PARK ELEMENTARY SCHOOL, CANOPY OAKS ELEMENTARY SCHOOL, RAA MIDDLE SCHOOL, and more on the ZIP page. Locations only — no ratings are shown here.

School locations
9

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 32303

$0$100K$200K$300K200020052010201520202025Peak April 2026 · $241,746Latest · $239,971
Typical home value
Source: Zillow (ZHVI) · as of 2026-08-31Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31

In January 2000 the typical home in 32303 was worth $97,795.

Values peaked at $241,746 in April 2026. The latest reading is −0.7% from that peak.

As of August 2026: $239,971, +1.9% over twelve months.

Typical home value
$239,971
12-month change
+1.9%

Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31

Housing pulse

Monthly cost vs. price

Typical home
$239,971
Loan at 20% down
$191,977
30-year fixed rate
7.40%
Monthly principal + interest
$1,329
Median household income, per month
$5,260
Share of income
25.3%
0%30%60%
At today's rate, by home value, 2000–2026: 10.3% → 25.3%
Source: Zillow (ZHVI) · Freddie Mac via FRED · Census ACS · Lotvox · as of 2026-08-31Source: 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

Start with the typical home: $239,971. Put 20% down and borrow $191,977 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,329 a month in principal and interest.

The median household here earns $63,123 a year, $5,260 a month. So the payment takes 25.3% 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 10.3% in 2000.

Payment share of income
25.3%
Monthly P&I
$1,329

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

$0$500$1K$2K2000200520102015202020252.68% rate · $5906.67% rate · $1,235
Monthly P&I at that month's 30-year rate
Source: Zillow (ZHVI) · Freddie Mac via FRED · Lotvox · as of 2026-08Source: 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

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 $586.

In December 2020, with rates at 2.68%, it was $590.

By August 2026, at 6.67%, it was $1,235 — +109% since December 2020, while the home's value moved +32%.

Payment change since 2020
+109%

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

$0$100K$200K$300K$400K200020052010201520202025
Home value (as reported)Prices in general (CPI-U), scaled to January 2000Home value in August 2026 dollars
Source: Zillow (ZHVI) · BLS CPI via FRED · Lotvox · as of 2026-08Source: 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.

Reported values rose +145% 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 $193,009. So the real change is +24%, not +145%.

Real change since 2000
+24%

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

32303 against its neighbors

0100200300400200020052010201520202025
32303 (2000 = 100)Leon County (2000 = 100)Florida (2000 = 100)
Source: Zillow (ZHVI) · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08

32303: +145% since January 2000.

Leon County: +147% since January 2000.

Florida: +245% since January 2000 — 32303 ran behind it by 100 points.

Change since 2000
+145%

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

Own: payment + 1.2%/yr taxes & insurance
$1,569
principal + interest $1,329 · taxes & insurance est. $240
Rent: typical rent (ZORI)
$1,446
Price-to-rent ratio
13.8
Source: Zillow (ZHVI) · Zillow (ZORI) · Freddie Mac via FRED · LotvoxSource: 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)

Owning the typical home costs about $1,569 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,446 a month.

Price divided by a year's rent: 13.8. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Price-to-rent
13.8

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

Listings Flow Ladder

per month / homes for sale2024-092026-08balanced 4–6 mo3.9 mo3.9 months of supplyNet +16 / month · inventory growing
New listings / monthHomes for saleClosed sales / monthBasin water level = months of supply
Source: Redfin · Lotvox · as of 2026-08-31Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

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 74 a month (Redfin, 3-month rolling data through August 2026). That is 84% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 224. That is 85% of the 2015–2019 level for the same months.

Going out — closed sales: about 58 a month. That is 65% of the 2015–2019 level for the same months. The drain is drawn 23% narrower: the share of homes for sale that sell each month is 77% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 3.9 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 16 more homes came on than sold each month, so inventory is growing. The basin is filling.

Months of supply
3.9

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

025507510020252026
Homes sold per monthSame months, 2015–2019
Source: Redfin · Lotvox · as of 2026-08Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08

Homes sold: about 58 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 67 — so sales ran at 87% of it, and below it in 18 of the last 24 months.

Sales vs 2015–19 level
87%

Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08

New supply

Homes being permitted

01,0002,0003,00020222,35820231,99020241,76520252,047
1-unit buildings2–4 units5+ units
Source: Census permits · as of 2025Source: U.S. Census Bureau, Building Permits Survey · data as of 2025

Across Leon County, builders pulled permits for 2,047 new homes in 2025.

Of those, 30% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Units permitted 2025
2,047

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

Moved in (top-10 origin counties)
2,933
Moved out (top-10 destination counties)
3,307
Net households
−374
Top origins
Gadsden, FL517
Broward, FL368
Miami-Dade, FL354
Top destinations
Wakulla, FL564
Gadsden, FL560
Duval, FL397
Homes for sale, 2012–2026
Source: IRS SOI · Redfin · as of 2026-06-01Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01

This ZIP sits in Leon County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 2,933 moved in. Among the ten receiving the most, 3,307 moved out.

Net across those counties: −374 households. Beside it, homes for sale in this ZIP: 224 in June 2026.

Most arrivals came from Gadsden, FL (517 households); most departures went to Wakulla, FL (564).

Net households (top-10 flows)
−374

Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01

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What to do

Own a home here?What's my home worth?Enter your address for a county-record value range. Buying?Compare 32303 with 32301The same story, side by side. An agent?See where the index is livethe farm territory and this page's sponsor spot.

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Link: https://lotvox.com/story/tallahassee/zip/32303