32425, Bonifay, FL

The 32425 zip code of Bonifay, FL is located in the panhandle region of Florida. The population of this zip code was 10,851 as of the 2010 census. The median household income in this zip code was $41,902 as of 2010. The home equity and home prices in this zip code are both high.

As of September 2011, the average home price in this zip code was $197,500. This is a higher home price than the statewide average home price of $172,500 and the national average home price of $183,000. The median household income in this zip code was also higher than both statewide and national averages: $47,636 versus $43,046 and $53,552 versus $51,046 respectively. This indicates that there is a higher demand for homes in this zip code than elsewhere in Florida or nationally.

One reason for the high demand for homes in the 32425 zip code may be its location: it is located near several major cities (Jacksonville to the north; Pensacola to the south; Tallahassee to the west) and has easy access to Interstate 10 and other major highways. Additionally, Bonifay is a popular tourist destination due to its history as a naval base during World War II and its proximity to natural attractions such as Blue Spring State Park and Blackwater River State Park. These factors may contribute to increased demand for housing within this area over time.

Another factor contributing to increased demand for homes within the 32425 zip code may be its low unemployment rate: 5% as of September 2011 compared with 6% statewide and 7% nationally (according to Bureau of Labor Statistics data). In addition, businesses are expanding rapidly within this area due to new development projects such as an Amazon fulfillment center (opening later in 2012) that are likely contributing to job growth within Bonifay itself rather than just increasing demand for housing within that area overall. As long as these factors continue – strong economic growth combined with low unemployment – then it is likely that home prices will continue rising relatively quickly within the 32425 zipcode over time