32054, Lake Butler, FL

Lake Butler, FL is located in the 32054 zip code. According to the 2010 census, the population of this zip code is 2,827. The median household income in this zip code is $51,924. Home prices in this zip code have increased significantly over the past few years. In March of 2016, home prices were estimated to be $224,500 on average. This represents a 157% increase from March of 2006 when home prices were estimated to be $92,000 on average.

The main drivers of home price appreciation in Lake Butler are likely attributable to several factors:

-Location - Lake Butler is located within close proximity to many popular tourist destinations (including Disney World and Universal Studios), which has led to an influx of affluent residents and increased demand for property;

-Low interest rates - Since 2007, interest rates have been relatively low compared to other areas of the country;

-Job growth - Over the past few years, there has been a significant increase in jobs within commuting distance of Lake Butler; and

-Limited inventory - Due to limited inventory and increasing demand from buyers who are already well-off or who plan on purchasing soon, homes that are available for sale typically sell quickly.