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Myrtle Grove CDP, FL

ZIP 32506 — 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 32506

Median Home Value
$200,500
Median Rent
$1,069
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,288/mo PITI).

21%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

15.6 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 32506 in Myrtle Grove CDP, FL, a household would need roughly $55,000 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 $1,288. That is roughly in line with the local median household income ($59,978). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
59.8%-9% vs US avg
x
Vacancy Rate
12.1%+17% vs US avg
x
Broadband Access
90.0%+4% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
2.2%-83% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
21.1%-58% vs US avg
x
Mortgage-Free
34.3%-10% vs US avg
x
$200,500
Home Value
$1,069
Rent
1985
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached73.3%
  • 1-unit attached2.3%
  • 2-9 units14.3%
  • 10+ units5.1%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$200,500
Median rent$1,069
Owner-occupied59.8%
Vacant12.1%
Price-to-income3.3x
Est. income to buy$55,000