Carrabelle, FL 32323 housing market
Data through Aug 2026 · Buyer's market
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Home Value
$236,007
−2.1% vs. a year ago
Months of Supply
4.0 months
Aug 2026
Sale-to-List Ratio
93.4%
Aug 2026
Mtg Payment as % of Income
43%
Aug 2026
Expected Disaster Loss
$303
Dec 2025
What this means
- Prices. Home values are down 2.1% over the past year (U.S.: +1.2%), 11% below their 2022-23 peak.
- Negotiating. Homes sell for about 6.6% below their final list price.
- Affordability. A mortgage on the typical home takes 43% of the median household income (U.S.: 35%); it takes about $61k a year to keep the payment at 30% of gross pay. That includes about $2,396 a year for home insurance (U.S.: $1,790).
- Disaster risk. FEMA expects about $303 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from hurricanes. Check insurance costs before buying.
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Other ZIP codes in Franklin County, FL
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Eastpoint, FL 32328 | $743K | −4.7% | 96 |
| Apalachicola, FL 32320 | $294.2K | −3.8% | 99 |
| Carrabelle, FL 32322 | $288.3K | −4.6% | 99 |