32702 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Lake County
Centroid: Latitude 29.014, Longitude -81.625
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 32702 has segments in 2 Counties (Lake, Marion).

Businesses Addresses: 93
PO Box Addresses: 475
Residential Addresses: 1,379

Multi-Family Addresses: 164
Single Family Addresses: 1,215

Foreclosures in FL 32702

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Altoona, FL 32702 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	3,442 (100%)
Population in Households	3,369 (97.9%)
Population in Families	2,476 (71.9%)
Population in Group Quarters¹	73 ( 2.1%)
Population Density	29
Diversity Index²	23


INCOME
Median Household Income	$51,965
Average Household Income	$72,138
% of Income for Mortgage⁴	12%
Per Capita Income	$32,696
Wealth Index⁵	68

HOUSING
Total HU (Housing Units)	1,821 (100%)
Owner Occupied HU	970 (53.3%)
Renter Occupied HU	502 (27.6%)
Vacant Housing Units	349 (19.2%)
Median Home Value	$115,476
Average Home Value	$169,582
Housing Affordability Index³	227

HOUSEHOLDS
Total Households	1,472
Average Household Size	2.29
Family Households	845
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Altoona, FL 32702 - Peer Comparisons by Rank and Percentile

The table below compares 32702 to the other 968 ZIP Codes in Florida by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	2.77%	1.90%
Households	3.24%	2.15%
Families		1.96%
Median Household Income		3.83%
Per Capita Income		4.18%
Owner Occupied HU		2.27%

Variable Description	Rank	Percentile
Total Population	# 854	12th
Population Density	# 902	7th
Median Household Income	# 712	27th
Housing Affordability Index	# 943	97th
Per Capita Income	# 534	45th
Diversity Index	# 923	5th

32702 ZIP Code Profile, Map, Data & Demographics

ZIP Code 32702: Basic Data & USPS Preferred City Name

Altoona, FL 32702 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Altoona, FL 32702 - Peer Comparisons by Rank and Percentile

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