The story of this market
The typical home in ZIP 32328 sells for about $752,553, or $458 per square foot.
Prices are down 5.4% from a year ago, which gives buyers more room to negotiate. Homes take about 89 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $941 a month.
ZIP 32328 — Eastpoint
The Eastpoint housing market is currently experiencing a correction, with home values declining 5.4% year-over-year as affordability constraints weigh on buyers. High insurance costs and a high price-to-income ratio are cooling demand, leading to a buildup in inventory and longer days on market. The market remains heavily skewed toward seasonal and vacation-home buyers rather than primary residents.
This ZIP is best suited for vacation-home buyers, retirees, and those in the maritime or tourism industries who prioritize coastal access over proximity to major urban employment centers.
Median prices moved down 5.4% year over year.
Homes spend a median of 89 days on market with 12.0 months of supply — a slower-moving market.
18% 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 12.2% · poverty 15.7% — a mixed stability 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 12.0%/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 12.0%/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 32328, Franklin County FL
Schools serving Eastpoint are part of the Franklin County School District, which generally maintains modest performance ratings consistent with rural coastal Florida districts.
The area faces significant exposure to hurricane-force winds, storm surge, and coastal flooding, which heavily influences property insurance premiums and availability.
Economic momentum is driven primarily by tourism, commercial fishing, and the service industry, 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 local or toward Apalachicola, relying on US Highway 98 as the main arterial corridor.
The area offers extensive access to Apalachicola Bay for fishing and boating, proximity to St. George Island beaches, and various local parks and nature trails.
The rental market is heavily influenced by seasonal demand and short-term vacation rentals, leading to limited long-term inventory and high price volatility.
The local economy is anchored by the seafood industry, tourism, and government services provided by the county seat in nearby Apalachicola.
Transportation is almost exclusively automobile-dependent, with US-98 serving as the primary east-west corridor connecting the area to the rest of the Florida Panhandle.
Development is strictly regulated by coastal management plans and environmental protections, limiting large-scale residential or commercial expansion.
The Franklin County Property Appraiser manages assessments, focusing on market-value adjustments for coastal properties.
Parcels are subject to Franklin County School District taxes and various local fire and emergency service district assessments.
Property insurance is a critical market factor, with high premiums and limited carrier availability due to significant hurricane and flood 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 data.census.gov ZCTA 32328 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.
Major regional hub for oyster harvesting and recreational boating.
Nearby protected coastal barrier island with extensive beach access.
Public access point for fishing and bay views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.