The story of this market
The typical home in ZIP 32359 sells for about $284,168, or $215 per square foot.
Prices are up +1.01% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,290 a month.
ZIP 32359 — Steinhatchee
The Steinhatchee housing market is characterized by high vacancy rates and a heavy reliance on the seasonal tourism economy. While home values have seen modest growth, the market remains cautious due to limited year-round employment and significant environmental risks associated with coastal living.
This area is best suited for vacation-home buyers, retirees, and outdoor enthusiasts who prioritize proximity to water-based recreation over proximity to major employment centers.
Median prices moved up 1.0% year over year.
Homes spend a median of 87 days on market with 8.4 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 7.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32359, Florida
The area is subject to significant coastal flood and hurricane wind risks due to its location on the Gulf Coast.
Economic activity is primarily driven by tourism, recreational fishing, and local services with limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Commuting is primarily by private vehicle with limited public transit options; residents typically travel to nearby regional hubs for employment.
The area is a popular destination for scalloping, fishing, and boating, featuring access to the Steinhatchee River and Gulf of Mexico.
The rental market is characterized by high vacancy rates, largely due to a significant portion of housing stock being used for seasonal or short-term vacation rentals.
The local economy is heavily reliant on the tourism and hospitality sectors, specifically seasonal recreational fishing and scalloping.
Transportation is limited to rural highway access; no major public transit infrastructure serves the area.
Development is largely focused on small-scale residential and tourism-related infrastructure improvements.
Dixie County Property Appraiser manages assessments based on market value with standard Florida homestead exemptions.
Parcels are subject to Dixie County school and general fund millage rates.
Property insurance premiums are high and availability is constrained due to the area's high exposure to hurricane and flood risks.
Florida is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to disclose known material defects affecting the property value.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Primary hub for fishing, boating, and scalloping activities.
Scenic natural area featuring limestone falls and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.