The story of this market
The typical home in ZIP 32428 sells for about $157,900, or $135 per square foot.
Prices are down 1.4% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $877 a month.
ZIP 32428 — Chipley
The housing market in 32428 remains stable with modest price fluctuations, reflecting its rural character and limited inventory. Demand is steady but constrained by the lack of new construction, keeping the market balanced for local buyers. Prices are largely driven by regional affordability rather than speculative investment.
This ZIP is well-suited for families and retirees seeking affordable, rural living with lower costs of entry compared to coastal Florida markets.
Median prices moved down 1.4% year over year.
Homes spend a median of 45 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 15.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 32428, Washington County FL
Crime rates in the area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are primarily part of the Washington County School District, which maintains a rural focus with moderate performance ratings.
The region is subject to hurricane and tropical storm risks, necessitating standard windstorm insurance coverage and adherence to flood zone building requirements.
Economic momentum is driven by local government, agriculture, and small-scale retail, with limited large-scale industrial development currently underway.
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.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs in Chipley or Panama City via state highways.
The area features access to rural outdoor amenities, including local parks, fishing spots, and proximity to regional forest lands.
The rental market is characterized by low inventory and high demand for single-family rentals, with limited multi-family options available.
The local economy is anchored by agriculture, forestry, and public sector employment, with a significant portion of the workforce commuting to neighboring counties.
Transportation is dominated by private vehicle use, with major access provided by State Road 77 and nearby Interstate 10.
Development is largely focused on low-density residential expansion and small-scale commercial improvements.
The Washington County Property Appraiser manages assessments, focusing on market-value adjustments and agricultural exemptions.
Parcels are subject to Washington County school and general fund millage rates, with no major MUDs or PIDs reported.
Property insurance premiums are rising due to regional wind and storm exposure, consistent with broader Florida market trends.
The state continues to see positive net domestic migration, driven by retirees and remote workers relocating from northern states.
Florida is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a written disclosure of known material defects affecting the property value.
Data retrieved from data.census.gov ZCTA 32428 profile.
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.
- Holmes Creek Canoe Livery4.59.6 mi
- Oyster Bar Of Graceville4.719.6 mi
- Cypress Springs4.47.5 mi
- The Swamp OffRoad Park4.88.7 mi
- Boat Lake Swimming Park4.610.8 mi
- Orange Hill Gator farm4.96.1 mi
- City of Chipley - Jim Trawick Park4.36.9 mi
- Falling Waters State Park4.73.7 mi
- Cotton Landing Recreation Area4.77.3 mi
- Boat Lake Swimming Park4.610.8 mi
- City of Chipley - Jim Trawick Park4.36.9 mi
- Blue Lake Earl Gilbert Landing4.34.2 mi
- DG Market4.27.4 mi
- DG Market4.210 mi
- Dollar General4.310.2 mi
- Dollar General4.210.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A local recreational anchor for the community.
Popular local spot for fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.