ZIP Code 32408 — Upper Grand Lagoon CDP, FL Demographics & Data

ZIP code 32408 covers Upper Grand Lagoon, FL in Bay County with a population of about 18,326.

At a glance, the area shows median age of 48.2 versus a U.S. median of about 38.9.

It sits in telephone area codes 448, 850; U.S. House district FL-2; the PANAMA CITY media market.

Median household income in ZIP 32408 is about $72,322 — about 4% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 8.8%; unemployment rate near 3.9%; 38.6% of adults with a bachelor’s degree or higher (about 4.9 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Food services; about 12.9% of workers reporting work-from-home (about 2.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $352,400 — about even with the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,225 (about 5% above the U.S. median rent ($1,163)), and owner-occupancy near 68.2% (about 2.8 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 32408 in Upper Grand Lagoon, FL, a household would need roughly $97,000 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 $2,264. That is about 34% above the local median household income ($72,322), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Upper Grand Lagoon CDP, FL as Relatively Moderate (composite score 94.1), which is among the highest nationally. The strongest component scores on US5 are hurricane (98.7) and wildfire (75.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Upper Grand Lagoon CDP, FL show little to no average snow.

IRS migration statistics show a net inflow of about 820 for ZIP 32408 (Upper Grand Lagoon CDP, FL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.