HousingHandbookReference data

U.S. ZIP Code · FL32340

Madison County

Typical home value

$186,317[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.1%
5-year / yr
+6.2%
10-year / yr
+7.2%

Relative price

vs U.S.
-34.4%
vs metro
vs state
-46.3%
ZIP 32340 location in FL
Location of ZIP 32340 in FL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32340 is worth $186,317. Over the past year, values have risen 0.1%. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.8%[3]
Typical annual tax
$1,548[3]

#Climate risk

FEMA National Risk Index ratings for Madison County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
10,302[3]
Median household income
$40,972[3]

#Migration

Household moves in and out of Madison County over a year, from IRS tax-return data.

Net migration
+149[5]
Moved in
506
Moved out
357

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
2
Middle
0
High
2
  • MADISON COUNTY CENTRAL SCHOOL

    Elementary · Grades PK–8 · MADISON

    802 students

  • MADISON COUNTY HIGH SCHOOL

    High · Grades 9–12 · MADISON

    488 students

  • MADISON CREATIVE ARTS ACADEMY INC

    Elementary · Grades PK–8 · MADISON

    390 students

  • JAMES MADISON PREPARATORY HIGH SCHOOL

    High · Grades 9–12 · MADISON

    196 students

  • MADISON VIRTUAL FRANCHISE

    Other · Grades K–12 · MADISON

    12 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$942
Loan principal$149,054
Down payment$37,263
Total interest paid$190,110

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,226
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 32340?
The typical home in 32340 is worth $186,317, based on the Zillow Home Value Index.
Are home values rising in 32340?
Home values in 32340 are up 0.1% over the past year, and up 6.2% a year over five years.
What is the property tax rate in 32340?
The effective property tax rate in 32340 is 0.8% — roughly $1,548 a year on a typical home.
Who lives in 32340?
ZIP code 32340 has a population of 10,302 and a median household income of $40,972.

Compare ZIPs

Pit ZIP 32340 against any other ZIP — full side-by-side table.

Compare 32340

#Jump to section