ZIP Code Market Report
32340 — Madison, FL
Data through February 2026 · Updated monthly
Avg Home Value
$182,071
▲ 0.0% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$181,390
Condo / Co-op
--
The average home value in the 32340 ZIP code (Madison, FLORIDA) is $182,071 as of February 2026. Home prices are stable, up 0.0% compared to last year.
A 3-bedroom home in 32340 is valued at $224,570.
The market in 32340 has a $282,182 spread between bottom-tier homes at $79,060 and top-tier homes at $361,242. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Madison County market area in FLORIDA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Madison County report.
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Market Snapshot
32340 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $183,941 | $183,229 | $182,071 | ▼ 1.0% |
| Single Family Value | $180,307 | $180,867 | $181,390 | ▲ 0.6% |
Home Values
32340 Home Value Trend
Historical home values for ZIP code 32340. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 32340
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $148,567 |
| 3 Bedrooms | $224,570 |
| 4 Bedrooms | $314,688 |
Property Types
Home Values by Property Type in 32340
How different property types compare in this ZIP code.
All Homes
$182,071
Single Family
$181,390
Bottom Tier
$79,060
Top Tier
$361,242
Data Sources and Methodology
Home value data for ZIP code 32340 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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