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Sarah Mitchell
Compass Real Estate · ZIP 32404
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32404 ZIP Code Housing Market
The typical home in ZIP code 32404 is worth $288,185, rose 1.3% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published for this ZIP was $298,950, -5.4% year over year (through May 2026). With homes going under contract in about 71 days, 32404 is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down works out to about $1,482/mo in principal and interest.
Key numbers for ZIP code 32404
Typical home value
$288,185
+1.3% in 12 months
Zillow, July 2026
Typical asking rent
$1,870/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$298,950
-5.4% year over year
Redfin, through March 2026
Days on market
71
Slow-moving
Redfin, through March 2026
Active listings
450
Redfin, through March 2026
Sale-to-list ratio
98.5%
Selling below asking
Redfin, through March 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$74,708
Home costs 3.9x income
U.S. Census ACS, 2024
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current.
Is the 32404 ZIP code a buyer's or seller's market?
ZIP code 32404 is a leaning buyer's and homes selling in about 71 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
What are the latest 32404 housing market stats?
Redfin's final published month for this ZIP code. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $298,950 |
| Median list price | $313,450 |
| Year-over-year price change | -5.4% |
| Median price per sq ft | $179/sq ft |
| Median days on market | 71 days |
| Active inventory | 450 listings |
| Sale-to-list price ratio | 98.5% |
| Homes sold (that month) | 282 |
| Market condition | Leaning buyer's |
Reading these: months of supply is how long it would take to sell every active listing at the current pace (under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut.). Days on market is the median time from listing to accepted offer. Sale-to-list ratio above 100% means bidding over asking is normal here. Price per square foot lets you compare differently sized homes, but it should not be used to value your own.
How have 32404 home prices moved?
Over the three years through Redfin's final published month, the median sale price in 32404 fell 0.8%, from $301,500 to $298,950. The live Zillow value series has rose 1.3% in the last 12 months — the more current read now that the Redfin series has stopped. ZIP-level medians swing harder than citywide ones because far fewer homes sell in a month; read the shape of the line, not any single point.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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How does 32404 compare to Callaway, FL?
32404 sits about 4.5 miles from downtown Callaway, but we do not hold ZIP and citywide sale rows for the same period, so putting the two numbers side by side would be comparing different months. The Callaway, FL housing market page has the citywide figures, and the comparison tool puts any two markets against each other.
What does it cost to buy a home in 32404?
Priced off the typical home value of $288,185 at the current 6.66% 30-year fixed rate. Principal and interest only — property taxes, insurance, HOA dues and mortgage insurance are on top and vary too much by property for us to guess.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $57,637 | $230,548 | $1,482/mo |
| 5% | $14,409 | $273,775 | $1,759/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
Lenders generally want housing costs under 28% of gross income, so the 20%-down payment of $1,482 implies roughly $63,495 a year before taxes and insurance. The median household in this ZIP earns $74,708, clearing that threshold by about $11,213. Price-to-income runs 3.9x. Typical asking rent here is $1,870/mo, a price-to-rent ratio of 12.8x, which means buying tends to beat renting on monthly cost over a typical hold.
Run it with your own numbers: affordability calculator · mortgage calculator · rent vs. buy calculator
Who lives in 32404?
American Community Survey estimates for this ZIP code tabulation area. U.S. Census ACS, 2024
Population
42,514
Households
16,158
Median income
$74,708/yr
Median age
37.1 years
Owner-occupied
69.2%
Median home value
$273,500
Median gross rent
$1,399/mo
Mean commute
31.47 min
69.2% of occupied homes in this ZIP are owner-occupied — the share that decides how much of the local housing stock ever reaches the for-sale market. Census median gross rent across all leases is $1,399/mo, below Zillow's $1,870/mo asking rent on new leases; the gap is roughly what a mover pays over a stayer.
Which public schools serve ZIP 32404?
8 schools tracked · 5,258 students
The largest public schools serving ZIP code 32404 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NORTH BAY HAVEN CAREER ACADEMY
Grades 9-12 · 882 students
TOMMY SMITH ELEMENTARY SCHOOL
Grades PK-5 · 731 students
DEER POINT ELEMENTARY SCHOOL
Grades PK-5 · 707 students
NORTH BAY HAVEN CHARTER ACADEMY ELEMENTARY SCHOOL
Grades K-5 · 694 students
MERRITT BROWN MIDDLE SCHOOL
Grades 6-8 · 680 students
CALLAWAY ELEMENTARY SCHOOL
Grades PK-5 · 537 students
NORTH BAY HAVEN CHARTER ACADEMY MIDDLE SCHOOL
Grades 6-8 · 525 students
PARKER ELEMENTARY SCHOOL
Grades PK-5 · 502 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Homes for sale in 32404
The last count we hold for 32404 is 450 active listings, with a median asking price of $313,450 (Redfin, through May 2026). Properties Incorporated is a data platform, not a listing portal — we publish what homes cost and how fast they move, and we point you at the portals for the inventory itself. Tell us what you are looking for and we will send the Callaway, FL listings that match instead.
32404 housing market FAQ
How much do homes cost in 32404?
The typical home in ZIP code 32404 is worth $288,185 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published for this ZIP was $298,950, about $179 per square foot (through May 2026).
Is 32404 a buyer's or seller's market?
ZIP code 32404 reads as a leaning buyer's on the supply and pace-of-sale data we hold. Redfin's ZIP-level series stopped in June 2026, so this classification is frozen rather than live.
Is 32404 cheaper than Callaway, FL?
32404 sits in the Callaway, FL area, but we do not hold ZIP and citywide sale rows for the same period, so a direct price comparison would be mixing months. The Callaway, FL page shows the citywide figures we do have.
What income do you need to buy a home in 32404?
At the current 30-year fixed rate of 6.66%, 20% down on a $288,185 home is about $1,482 a month in principal and interest. Under the standard 28% front-end rule that implies roughly $63,495 in gross annual income, before property taxes, insurance, HOA dues or mortgage insurance. Census puts the median household income in this ZIP at $74,708.
Are home prices rising in 32404?
The typical home value in 32404 rose 1.3% over the last 12 months, from $284,514 to $288,185 (Zillow, July 2026). Zillow's index still refreshes monthly, so this is the current read.
What data do you publish for ZIP code 32404?
Zillow's Home Value Index and Observed Rent Index (monthly, current), Redfin's median sale price, days on market, inventory and months of supply (final period May 2026), U.S. Census ACS demographics, NCES public school records, and Freddie Mac's 30-year fixed rate via FRED for the affordability math. Every figure on this page carries its source and period. Properties Incorporated publishes market data; it does not list homes and does not give financial advice.
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