The story of this market
The typical home in ZIP 32666 sells for about $320,000, or $185 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $542 a month.
ZIP 32666 — Melrose
The 32666 market in Melrose is characterized by high vacancy rates and a lack of active inventory, leading to a buyer's market environment. With a high price-to-rent ratio and limited sales activity, the area remains a niche market that requires careful navigation for potential investors.
This area is best suited for specialized investors or those seeking a quiet, rural lifestyle, as the high vacancy rates and lack of immediate market depth present challenges for typical family buyers or commuters.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 58 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 12.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32666
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.
The rental market in 32666 faces high vacancy pressure and a high price-to-rent ratio of 27.0, making it difficult for investors to achieve positive cash flow.
The local economy is primarily rural with limited major industrial anchors, relying on broader regional economic trends in Northeast Florida.
Data sourced from Repit and IncomeByZipCode; specific census breakdown components not fully published for this ZCTA.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.