Carrabelle, Florida.
Typical home $299,624 (-2.8% in a year).
to buy the typical home at today's mortgage rate — +$845 (+116%) since Jan 2020.
- 1 year
- Down $8,601 -3%
- $308,226$299,624 since Sep 2025
- 5 years
- Up $41,997 +16%
- $257,627$299,624 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Carrabelle$1,573
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 23 years.
Typical home values in Carrabelle, FL fell 2.8% over the past year — slower than the nation's +1.2%.
Living in Carrabelle, Franklin County, Florida
Carrabelle is a city of 2,606 people in Franklin County. Half its households earn more than $49,792 a year and half less, against $64,105 across Franklin County; 22% of its people live below the poverty line. Unemployment in Franklin County was 5.0% in August 2026, and the county had 1.2% fewer jobs in 2025 than the year before. The most people in Franklin County work in professional services, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Carrabelle is a small city on Florida's Gulf coast, in Franklin County. Incomes here run below the county's, and more people live below the poverty line than you might expect in a place this size. Very few adults hold a four-year degree. Winters are mild, with January the coldest month, and summers are hot, with July the warmest.
Work. Residents work mostly in professional and business services, in schools, hospitals and social care, in government, and in shops. Across Franklin County, some of the largest workplaces are Franklin Schools, Carrabelle Nursing and Rehab, and George E. Weems Memorial Hospital. Unemployment across the county is a little higher than a year ago, and the county has fewer jobs than it did the year before. The typical commute is a fairly short one, and very few people work from home.
Things to do. Several rivers run in or beside town, including the Carrabelle River, the Crooked River and the New River, which suit anyone who likes to be out on the water. The Camp Gordon Johnston Museum is also in town, and St. George Island State Park is a short drive away, a protected stretch of coast. Farther afield, a longer drive reaches the Apalachicola River and the Apalachicola National Forest.
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- 389households
- 7%of adults have a degree
- 22%below the poverty line
- 24 mintypical commute
- 5%work from home
What people in Franklin County work in
Employed residents by industry, from the Census survey. Franklin County had 3,504 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 64° and lows near 39°; warmest in July, with highs near 92° and lows near 72°.
Average daily high and low, 1991–2020, at the Panacea South weather station, 15 miles away (NOAA).
Largest workplaces in Franklin County
- Franklin SchoolsSchool district193FTE
- Carrabelle Nursing and RehabHomes for the elderly with nursing care84
- George E. Weems Memorial HospitalCritical access hospital80FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 84 people in all across the county; Carrabelle has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesRelatively high
- LightningRelatively high
- Coastal floodingrelatively high in parts of CarrabelleRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Carrabelle’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Franklin County.
Carrabelle home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Carrabelle$299,624
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 5 Carrabelle listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Carrabelle19.48%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Carrabelle120
New listings per month
Sellers arriving at the market.
- Carrabelle17
Zip codes with a Carrabelle address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Carrabelle — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Carrabelle
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 32322 | Carrabelle | 3,678 | — | $288,267 |
| 32323 | Lanark Village | 90 | — | $235,614 |