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Madison city, FL

ZIP 32340 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32340

Median Home Value
$115,900
Median Rent
$633
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$745/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32340 in Madison city, FL, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $745. That sits below the local median household income ($43,393), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
64.6%-1% vs US avg
x
Vacancy Rate
15.3%+49% vs US avg
x
Broadband Access
73.2%-16% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
15.1%-70% vs US avg
x
Mortgage-Free
49.8%+30% vs US avg
x
$115,900
Home Value
$633
Rent
1983
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached61.2%
  • 1-unit attached0.2%
  • 2-9 units9.6%
  • 10+ units1.6%
  • Mobile home & other27.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$115,900
Median rent$633
Owner-occupied64.6%
Vacant15.3%
Price-to-income2.7x
Est. income to buy$32,000