The story of this market
The typical home in ZIP 32024 sells for about $348,000, or $183 per square foot.
Prices are up +2.68% from a year ago, so sellers still have some momentum. Homes take about 106 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $917 a month.
ZIP 32024 — Lake City
The Lake City housing market is currently balanced, with a median home price of $348,000 and a measured pace of sales. Strong rental demand and the area's strategic position as a logistics hub continue to support stable market conditions. Buyers are finding a more balanced negotiation environment compared to previous years.
This ZIP fits families and buyers seeking a rural pace of life with affordability, as well as commuters and logistics workers who benefit from the I-10/I-75 intersection.
Median prices moved up 2.7% year over year.
Homes spend a median of 106 days on market with 4.1 months of supply — a balanced-paced market.
26% of listings have cut prices · homes sell at 96% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 18.0% — 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 11.8%/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 8.5%/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 32024, Columbia County FL
The area is inland and generally faces lower hurricane-wind risk than coastal Florida, though flood-prone zones exist near local springs and water bodies.
Lake City serves as a regional logistics and medical hub at the intersection of I-10 and I-75, driving steady economic momentum.
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.
Located at the crossroads of I-10 and I-75, the area provides regional access, with Jacksonville approximately 60 miles to the east.
The area is known for proximity to North Florida's famous natural springs, offering outdoor recreation, while local shopping and dining are concentrated in Lake City.
The rental market shows strong demand with a median rent of $1,295, reflecting the area's role as a regional employment center.
The economy is anchored by logistics, transportation, and healthcare sectors, benefiting from the city's strategic location at major interstate junctions.
The area is defined by the intersection of I-10 and I-75, serving as a major transit corridor for North Florida.
Development is focused on expanding logistics and medical infrastructure to support the growing micropolitan area.
The Columbia County Property Appraiser manages assessments, ensuring properties are valued for tax purposes according to Florida statutes.
Parcels are subject to Columbia County school and municipal taxes, with potential special assessments for utility or fire services.
Property insurance premiums in North Florida have faced upward pressure due to regional hazard exposure and market-wide reinsurance costs.
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 the buyer.
Data retrieved from Census Reporter and U.S. Census Bureau ZCTA tables.
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.
Famous natural spring for tubing and swimming.
Primary retail anchor for the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.