The story of this market
The typical home in ZIP 32420 sells for about $269,000, or $122 per square foot.
Prices are down 15.4% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $773 a month.
ZIP 32420 — Alford
The 32420 housing market is experiencing a significant correction, with median sale prices declining by over 15% year-over-year. High inventory levels relative to the low volume of closed sales suggest a cooling market environment. Buyers currently hold more leverage as days on market remain elevated.
This ZIP code is best suited for buyers seeking rural, affordable land or single-family homes, particularly those looking for a quiet, low-density lifestyle away from major urban centers.
Median prices moved down 15.4% year over year.
Homes spend a median of 65 days on market with 45.0 months of supply — a slower-moving market.
4% of listings have cut prices · homes sell at 95.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 16.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32420, Jackson County FL
The area is served by the Jackson County School District, which provides public education for the rural community.
The region is subject to hurricane and tropical storm risks common to the Florida Panhandle, necessitating standard wind and flood insurance considerations.
Economic activity is primarily driven by local agriculture and small-scale commerce, with limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Commuting is primarily car-dependent, with residents typically traveling to nearby towns like Marianna or Bonifay for employment and services.
Recreational opportunities include local rural parks and proximity to natural springs and outdoor spaces in the Florida Panhandle.
The rental market is characterized by low inventory and limited multi-family options, with demand driven by local workforce needs.
The local economy is largely agricultural and service-oriented, with employment concentrated in small businesses and public sector roles in the county seat.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving this rural area.
There are no major large-scale commercial or residential developments currently reported for this ZIP code.
The Jackson County Property Appraiser manages assessments, focusing on agricultural and residential valuations.
Parcels are subject to Jackson County school and general fund millage rates.
Property insurance premiums in the Florida Panhandle remain elevated due to regional exposure to severe weather events.
Data retrieved from data.census.gov for ZCTA 32420.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides basic outdoor space for the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.