The story of this market
The typical home in ZIP 32094 sells for about $197,200, or $125 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $837 a month.
ZIP 32094 — Wellborn
The housing market in 32094 is characterized by low inventory and steady, modest price growth consistent with rural Florida trends. Demand remains stable, driven by buyers seeking affordability and space, though the limited number of listings keeps sales volume low.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with lower housing costs compared to larger Florida metropolitan areas.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.7 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 0.0% · poverty 9.6% — 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 6.2%/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 6.1%/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 32094, Suwannee County FL
Schools serving Wellborn are part of the Suwannee County School District, which generally maintains a rural, community-focused educational environment.
The area is subject to standard Florida flood and wind risks; property insurance premiums have seen upward pressure consistent with regional trends.
Economic momentum is primarily driven by local agriculture and small-scale services, 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.
Residents typically commute by car to nearby employment hubs in Lake City or Live Oak, with travel times generally ranging from 20 to 35 minutes.
The area features rural outdoor recreation, including proximity to local springs, parks, and community-based events in the Wellborn and Live Oak vicinity.
The rental market is characterized by low inventory and primarily consists of single-family homes, with limited multi-family options available.
The local economy is anchored by agriculture, forestry, and small-business services, with many residents commuting to larger neighboring cities for employment.
Transportation is entirely car-dependent, relying on local county roads and proximity to U.S. Highway 90 for regional access.
Development is primarily low-density residential and agricultural, with no major large-scale commercial projects currently reported.
The Suwannee County Property Appraiser manages assessments, focusing on agricultural and residential valuations.
Parcels are subject to Suwannee County school and general fund taxes, with specific fire and utility district assessments where applicable.
Property insurance remains a significant factor for homeowners due to regional wind and storm exposure, with premiums trending upward.
Data retrieved from data.census.gov for ZCTA 32094.
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.
Local community hub for events and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.