The story of this market
The typical home in ZIP 32431 sells for about $220,000, or $145 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,108 a month.
ZIP 32431 — Cottondale
The housing market in 32431 is a low-volume, rural market where price points remain relatively affordable compared to coastal Florida. Activity is driven by local demand rather than speculative investment, resulting in stable but slow-moving inventory. Market conditions are currently balanced with limited price volatility.
This ZIP is best suited for budget-conscious family buyers and those seeking a rural lifestyle who are comfortable with a commute to regional employment hubs.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 23 days on market with 0.0 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 15.3% — 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 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32431, Jackson County FL
The area is subject to standard Florida wind and storm risks; insurance availability and premiums are influenced by regional hurricane exposure.
Economic momentum is limited, with the area serving primarily as a rural residential base with proximity to regional hubs in Jackson County.
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.
Residents typically commute by car to employment centers in Marianna or Panama City, with average travel times around 27 minutes.
Local recreation is centered on rural outdoor activities, with limited immediate access to major urban shopping or entertainment districts.
The rental market is characterized by low density and limited inventory, primarily serving local residents rather than short-term vacationers.
The local economy is primarily driven by agriculture, small-scale retail, and services supporting the surrounding rural population.
Transportation is entirely car-dependent, relying on regional highway corridors for access to larger cities.
No major large-scale commercial or residential developments are currently reported for this rural ZIP code.
The Jackson County Property Appraiser manages assessments based on market value and state-mandated exemptions.
Parcels are subject to Jackson County school district and general county tax levies.
Property insurance markets in the Florida Panhandle are currently experiencing high premium volatility due to regional storm risk.
Florida is a judicial foreclosure state requiring court intervention for the foreclosure process.
Florida law requires sellers to disclose known material defects that are not readily observable to a buyer.
Data retrieved from Census Reporter and US Zip Codes profiles.
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.
- Big Creek Gaming3.818.7 mi
- Jim's Buffet & Grill410.9 mi
- Oyster Bar Of Graceville4.713.2 mi
- Florida Caverns State Park4.810.9 mi
- Bellamy Bridge4.311.1 mi
- Marianna Cinemas4.410.9 mi
- Hinson Conservation & Recreation Area4.312.2 mi
- Orange Hill Gator farm4.912.4 mi
- Florida Caverns State Park4.810.9 mi
- Falling Waters State Park4.78 mi
- Citizen's Lodge Park4.611.9 mi
- Hinson Conservation & Recreation Area4.312.2 mi
- City of Chipley - Jim Trawick Park4.38.1 mi
- DG Market410.5 mi
- Dollar General4.36.7 mi
- Dollar General4.113 mi
- Dollar General412.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.