The story of this market
The typical home in ZIP 32062 sells for about $262,000, or $175 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 32062
The 32062 housing market is a small, rural market characterized by low inventory and modest price appreciation. Recent sales data shows a median price of $262,000, with activity driven by local demand rather than speculative investment. Months of supply remain tight, reflecting the limited turnover typical of this rural area.
This ZIP is best suited for family buyers and those seeking rural, affordable housing options away from dense urban centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 4.0 months of supply — a fast-moving market.
15% 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 1.0% · poverty 13.0% — 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 9.6%/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 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 32062, Suwannee County FL
Schools serving the area are part of the Suwannee County School District, generally maintaining C-level ratings.
The area has a low earthquake risk index of 25, though it is subject to standard Florida wind and storm insurance considerations.
Economic momentum is driven by local agricultural and service sectors in Suwannee County 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.
Commutes are primarily car-dependent, with residents traveling toward Live Oak or Lake City for employment.
The area features rural outdoor recreation, including access to local parks and proximity to Suwannee River natural areas.
The rental market is limited with low vacancy pressure and a mix of long-term residential and rural housing stock.
The economy is primarily supported by agriculture, forestry, and local government services within Suwannee County.
Transportation is entirely reliant on private vehicles via local county roads and state highways.
There are no major large-scale commercial or residential developments currently under construction in this ZIP.
The Suwannee County Property Appraiser manages assessments based on market value and state-mandated exemptions.
Parcels are subject to Suwannee County School District and general county taxing authorities.
Property insurance premiums are influenced by regional wind and storm risk profiles common to North Florida.
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 buyers.
Data retrieved from US Census Bureau ZCTA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Provides regional access for boating, fishing, and outdoor recreation.
Small community parks serving the rural population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.