32438 — Fountain, FL Home Values
Typical home value $164,271 as of June 2026 · 11th of 11 in Panama City, FL
Blue: typical home value (Zillow ZHVI) in ZIP code 32438, June 2021 to June 2026. This page shows observed data only; no forecast.
How 32438 compares in the Panama City, FL area
ZIP code 32438 (Fountain, FL) has a typical home value of $164,271 as of June 2026, ranking 11th of 11 ZIP codes tracked in the Panama City, FL area, more expensive than about 9% of ZIP codes in the metro. Prices here have moved +6.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +20.8%, from $136,002 in June 2021 to $164,271 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Panama City, FL forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Panama City.
Population and demographics
ZIP code 32438 has a population of 4,839, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 79.9% White, 11.2% Hispanic or Latino, 7.7% two or more races, 0.8% American Indian or Alaska Native, and 0.4% Black or African American.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| WALLER ELEMENTARY SCHOOL | 11332 E HIGHWAY 388, YOUNGSTOWN, FL | 10.2 mi |
| CARR ELEMENTARY & MIDDLE SCHOOL | 18987 NW SR 73, CLARKSVILLE, FL | 14.5 mi |
| ALTHA PUBLIC SCHOOL | 25820 NE FUQUA CIR, ALTHA, FL | 17.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 32438?
$164,271 as of June 2026, the latest month Zillow has published observed data for.
Is 32438 an expensive ZIP code in the Panama City, FL area?
32438 ranks 11th of 11 ZIP codes in the Panama City, FL area by typical home value, more expensive than about 9% of ZIP codes in the metro.
How much have home values in 32438 changed over the past year?
+6.7% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 32438?
4,839, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 32438?
WALLER ELEMENTARY SCHOOL (10.2 mi), CARR ELEMENTARY & MIDDLE SCHOOL (14.5 mi), ALTHA PUBLIC SCHOOL (17.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 32438?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Panama City, FL forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.