ZIP Code 32331 -- Greenville, FL

Madison | 2024 American Community Survey Data

Key Insights

  • With a price-to-income ratio of 1.6x, housing here is relatively affordable compared to the recommended 3-5x benchmark.
  • 86.20% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.

Quick Overview

Population
4,585
Unknown
Median Income
$50,905
Home Value
$83,700
Median Rent
$903
Median Age
40.60
Diversity Index
53.50
Moderate
Cost of Living
48.0
significantly below average
Unemployment
0.2%

About ZIP Code 32331

ZIP code 32331 in Greenville, Florida is a unknown area with a population of 4,585. The median household income is $50,905, which is This is 32% below the national median of $75,000.. The median home value is $83,700, representing a price-to-income ratio of 1.6x . The cost of living is significantly below average with an index of 48.0 (the national average is 100). Residents have a median age of 40.60 years. Approximately 9.8% of adults hold a bachelor's degree or higher. This ZIP code is located in Madison, FL.

Population & Age

Total Population
4,585
Median Age
40.60
Male Population
2,098
45.8%
Female Population
2,487
54.2%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
53.50 Moderate
White
59.7%
Black or African American
35.6%
Hispanic or Latino
2.0%
Asian
0.0%
Native American
0.3%
Pacific Islander
0.0%
Two or More Races
3.3%
Other Race
1.1%

Racial Composition

Income & Economy

Median Household Income
$50,905
Mean Household Income
$65,854
Per Capita Income
$25,458
Below Poverty Line
22.5%

This is 32% below the national median of $75,000.

Income Distribution

Housing

Median Home Value
$83,700
Median Rent
$903
Total Housing Units
2,194
Occupied Units
1,747
Vacant Units
447
20.4% vacancy
Median Year Built
1990
Owner Occupied
86.2%
Renter Occupied
13.8%
Price-to-Income Ratio 1.6x

Affordable housing market

Ownership vs Rental

Owner 86.2% Renter 13.8%

Education

High School Diploma or Higher 86.1%
Bachelor's Degree or Higher 9.8%
Graduate or Professional Degree 0.6%

Employment & Commuting

Civilian Labor Force
1,236
Employment Rate
99.8%
Unemployment Rate
0.2%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
77.6%
Carpool
15.5%
Public Transit
0.0%
Work from Home
3.4%

Cost of Living Index

48.0
significantly below average

The cost of living in ZIP code 32331 is 52.0% below the national average of 100.

0 National Avg (100) 200

Compare 32331 with:

Compare 32331 with Another ZIP Code

Nearby ZIP Codes

Other ZIP Codes in Madison

ZIP Code City Population Median Income
32340 Madison 10,302 $40,972
32059 Lee 3,052 $55,909
32350 Pinetta 1,295 $35,625

Frequently Asked Questions about ZIP Code 32331

ZIP code 32331 (Greenville, FL) has a total population of 4,585 according to the 2024 American Community Survey. The median age is 40.60 years.

The median household income in ZIP code 32331 is $50,905 per year, based on 2024 Census Bureau data. This is 32% below the national median of $75,000.

ZIP code 32331 is primarily located in Greenville, Florida (FL). It falls within Madison County.

The median home value in ZIP code 32331 is $83,700, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $903.

The median age in ZIP code 32331 is 40.60 years, compared to the national median of 38.9 years. This makes the area older than the national average.

ZIP code 32331 has a cost of living index of 48.04 (national average = 100). This means the cost of living is significantly below average compared to the national average.

In ZIP code 32331, 9.82% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 0.63% hold a graduate or professional degree.

The unemployment rate in ZIP code 32331 is 0.24%, which is below the national average of 3.6%. About 3.41% of workers work from home.

Explore More

Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.