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Chipley city, FL

ZIP 32428 — 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 32428

Median Home Value
$157,900
Median Rent
$688
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,014/mo PITI).

16%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

19.1 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 32428 in Chipley city, FL, a household would need roughly $43,000 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 $1,014. That sits below the local median household income ($52,234), 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
81.1%+24% vs US avg
x
Vacancy Rate
14.6%+42% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
21.0%-58% vs US avg
x
Mortgage-Free
57.5%+51% vs US avg
x
$157,900
Home Value
$688
Rent
1987
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 detached63.3%
  • 1-unit attached1.3%
  • 2-9 units3.5%
  • 10+ units1.4%
  • Mobile home & other30.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$157,900
Median rent$688
Owner-occupied81.1%
Vacant14.6%
Price-to-income3.0x
Est. income to buy$43,000